FILE PHOTO: Elon Musk, Chief Executive Officer of SpaceX and Tesla, gestures as he attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris, France, June 16, 2023. REUTERS/Gonzalo Fuentes/File Photo
WILMINGTON, Delaware (Reuters) -Elon Musk's blow-out $1 trillionpay package from Tesla proves everything is bigger in Texas, especially under its new management-friendly law.
Last year, Tesla reincorporated in the Lone Star State after a judge in its former corporate home, Delaware, ruled a $56 billion compensation for the CEO was "unfathomable" and unfair to shareholders. Musk urged companies to ditch Delaware and his board worked on a new pay package.
