A Delaware judge struck down Elon Musk’s multibillion-dollar pay package at Tesla after finding the process for securing its approval “deeply flawed,” a major setback for the chief executive of the world’s most valuable automaker. The decision, issued Tuesday in the Delaware Court of Chancery, calls into question how Tesla’s board plans to compensate Musk, a serial entrepreneur with an array of other business interests. “The process leading to the approval of Musk’s compensation plan was deeply flawed,” Chancellor Kathaleen McCormick wrote in the opinion, citing Musk’s “extensive ties” with those determining his most recent pay deal, which shareholders approved in 2018...

A Delaware state court judge has thrown out the 2018 pay package that helped to make Tesla CEO Elon Musk one of the richest people in the world...

(Bloomberg) -- Elon Musk’s $55 billion pay package at Tesla Inc. was struck down by a Delaware judge after a shareholder challenged it as excessive, a ruling that would take a giant bite out of Musk’s wealth and put the fate of his companies in question.Most Read from BloombergMusk Risks Losing World’s Richest Title With Pay Deal VoidedMusk Says First Neuralink Patient Received Implant in BrainTech Giants Slide in Late Trading After Earnings: Markets WrapUPS CEO Kicks Off Productivity Drive by C...