Elon Musk's contentious pay package from 2018 remains unresolved as legal challenges and shareholder scrutiny continue. Despite a recent shareholder vote supporting the package, a judge has paused its reinstatement. Currently, a special committee of Tesla board members is working to determine how to compensate Musk for his leadership while preventing him from potentially departing the company. Musk has expressed that he requires a significant ownership stake to remain, adding urgency to the board's deliberations amid ongoing corporate governance concerns.
"Elon Musk's multi-billion-dollar pay package has been a thing of debate since it was first awarded in 2018, breaching fiduciary duties as per shareholders."
"The courts agreed, nuking the pay package before Tesla attempted to restore it via a shareholder vote, which passed but faced legal challenges."
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