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Delaware Judge Again Rejects Elon Musk’s $56 Billion Tesla Pay Package

HeadlineDec 03, 2024

A Delaware judge has reaffirmed her decision to void a $56 billion compensation package for Tesla CEO Elon Musk. On Monday, Judge Kathaleen McCormick upheld her January ruling, which noted the astronomical 2018 pay package was the largest ever for a publicly traded corporation. Elon Musk is already the richest person in history, with a net worth estimated at more than a third of a trillion dollars. 

Meanwhile, Musk has promised to “delete” the Consumer Financial Protection Bureau when he takes the reins of the so-called Department of Government Efficiency under President Trump next year. His pledge comes after the CFPB finalized a rule to supervise tech companies which offer digital funds transfers and payment wallet apps. Those are features Musk is working to add to his social media site X.

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