00:00It's Benzinga bringing Wall Street to Main Street.
00:02Tesla won a years-long legal battle after the Delaware Supreme Court reinstated Chief
00:07Executive Elon Musk's 2018 pay package, reversing a lower court decision that had rescinded the
00:13award, according to the Wall Street Journal. In an opinion issued Friday, the court said
00:19rescission was an extreme remedy and ruled that Musk should receive the full compensation.
00:24The decision reversed a 2024 Chancery Court ruling that found Tesla's board lacked
00:29independence and transparency. The ruling does not affect a separate pay package approved
00:34in November under Texas law. Musk's 2018 Tesla stock options are now valued at $139 billion,
00:41exceeding the combined compensation of all other S&P 500 CEOs over the past decade.
00:47Musk worked at Tesla from 2018 to 2025 without pay beyond the disputed equity grant while his
00:53personal wealth rose as the company's market capitalization climbed to $1.6 trillion.
00:58For all things money, visit Benzinga.com.
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