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Judge Voids Elon Musk $56B Pay; Sanders’s Bill to Raise Corporate Taxes Could Generate Billions

HeadlineFeb 01, 2024

A Delaware judge has voided the $56 billion compensation package of Tesla CEO Elon Musk. The judge noted the astronomical 2018 pay package was the largest ever in public corporate history and that Tesla’s board failed to prove the “compensation plan was fair.”

In more related news, Senator Bernie Sanders and Democratic lawmakers are pushing a union-backed bill that would raise taxes on companies where CEOs make more than 50 times above the salary of an average worker. The measure could raise $150 billion in revenue over a decade.

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