22 sources·Business

Delaware Judge Overturns Musk's $100 Billion Compensation Package Amid Legal Disputes

A Delaware judge nullified Elon Musk's massive compensation package, stirring discussions on his growing wealth and influence in light of incoming Trump administration.

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Updated: Dec 4th, 2024, 6:26 PM ET

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A Delaware judge overturned Elon Musk's $100 billion compensation package, citing insufficient shareholder information. The ruling amplifies concerns over Musk's increasing wealth and influence, particularly with his appointment in the incoming Trump administration. OpenAI's CEO Sam Altman, amidst an ongoing legal battle with Musk, expressed confidence that Musk will not misuse his political power. Altman emphasized the need for integrity in business practices, despite their fraught relationship. The backdrop includes Musk's growing control in AI through his company xAI and ongoing scrutiny over Tesla's reliance on Chinese markets.

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