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Richard Tornetta

Plaintiff shareholder

Appears in 1 story

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

Money Moves

Won twice in Delaware; defending verdict on appeal

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

Updated Yesterday