Pull to refresh
Logo
Daily Brief
Following
Why Ranks Sign Up
Delaware Court of Chancery

Delaware Court of Chancery

State business court

Appears in 1 story

Stories

Tesla moves to deliver Musk's $100 billion pay package

Money Moves

Ruling court; case on appeal to Delaware Supreme Court

In 2018, Tesla's board agreed to pay Musk stock options if he hit a string of growth targets, with a maximum theoretical value of about $56 billion—already the largest CEO pay package ever written. Eight years later, Tesla is actually moving to hand over the shares, now worth more than $100 billion.

Updated May 31