Musk's £44bn Tesla pay deal is blocked
Daily Mirror UK|December 04, 2024
Tycoon had too much influence, judge rules
CHRISTOPHER BUCKTIN
Musk's £44bn Tesla pay deal is blocked

SPARE a thought this festive season for poor Elon Musk, after a Scrooge-like judge blocked his £44billion pay deal.

Judge Kathaleen McCormick's decision means Musk, the world's richest individual, will have to scrape by with just £260billion.

The Tesla tycoon had too much influence on board members of the electric car company when they approved his pay, she ruled.

The South Africaborn billionaire moaned: "Shareholders should control company votes, not judges."

This story is from the December 04, 2024 edition of Daily Mirror UK.

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This story is from the December 04, 2024 edition of Daily Mirror UK.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.