A Delaware judge has again rejected the $56 billion payout for Tesla CEO Elon Musk, even after shareholders voted to reinstate the package earlier this year. But even if the ruling is upheld, the South African-born entrepreneur and confident to President-elect Donald Trump is expected to remain the world’s richest man.
A growing number of investors have announced they will vote against the $56 billion pay package Tesla’s board of directors wants to give CEO Elon Musk – though the South African-born executive insists he has lined up enough support for the proposals approval during a shareholder’s meeting this week. What happens if the plan is rejected? Musk already has fired a warning shot.