Elon Musk judge rules ‘unfathomable’ pay deal made Tesla CEO overpaid

A judge says Elon Musk must give up a compensation package awarded by Tesla's board of directors that is potentially worth more than US$55bil. The ruling threatens to drop Musk to the third-richest person in the world, after spending the past couple of years as No 1. — AP

In throwing out Elon Musk’s US$55bil (RM260.17bil) Tesla pay deal, a Delaware judge began her legal opinion with a simple question: “Was the richest person in the world overpaid?”

After about a year’s consideration and 200 pages of legal reasoning, her answer was clear: Yes. Yes he was.