Musk Rages Against Judge's Refusal to Reinstate $56 Billion Pay Package [View all]
Elon Musk railed against a Delaware judge who on Monday ruled against reinstating Musk's $56 billion pay package from Tesla.
"The large and talented group of defense firms got creative with the ratification argument, but their unprecedented theories go against multiple strains of settled law," Delaware Chancellor Kathaleen St. J. McCormick wrote in her 103-page ruling.
"Absolute corruption," Musk wrote on his website, X, formerly Twitter, in response to the ruling.
Billy Markus, who created Dogecoin, described McCormick as an "activist judge" on X, writing, "so instead of doing what the shareholders voted for, activist judge kathaleen mccormick instead makes tesla shareholders pay $345 million dollars to some lawyers who sued on behalf of some rando who had like 8 shares ... literal corrupt bulls—."
Read more: https://www.newsweek.com/elon-musk-reacts-tesla-pay-package-delaware-ruling-1994527
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