Tesla CEO Elon Musk lost a bid to reinstate a $56 billion pay package. The package, which Musk originally received in 2018, was nullified due to claims by shareholders that it was unjustly enriching him. Musk and the board fought to get the package reinstated, however they were unsuccessful. The loss of the pay package does not necessarily impact Musk’s wealth significantly as he still holds a substantial amount of shares in Tesla, which contributes a considerable part to his overall net worth.
Tesla CEO Elon Musk loses bid to get $56 billion pay package reinstated
