Judge Reconsiders Musk's $55B Tesla Pay Package

A Delaware judge is reconsidering a previous ruling that invalidated Elon Musk's $55 billion Tesla pay package, despite a recent shareholder vote overwhelmingly in favor of reinstating it. Chancellor Kathaleen McCormick originally invalidated the package, citing flawed approval processes and conflicts of interest. Tesla's attorneys argue that the shareholder vote should validate the pay package, asserting it demonstrates shareholder democracy. However, McCormick expressed skepticism, noting there is no legal precedent for using a post-trial vote to reverse an adjudicated breach of fiduciary duty. She has taken the case under advisement, indicating that the issue is far from resolved.