Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock

So, there’s this wild article about lawyers who managed to argue that Elon Musk’s pay package at Tesla was actually illegal! They’re now seeking a whopping $5.6 billion in Tesla stock. Can you believe that?

Basically, these lawyers claimed that Musk’s compensation plan didn’t go through the proper channels and wasn’t approved by Tesla’s shareholders. They argued that it was a violation of the company’s bylaws and could potentially harm investors.

It’s crazy to think about the amount of money involved in this legal battle. $5.6 billion is no joke! It just goes to show how important it is for companies to follow the rules when it comes to executive compensation.

I think it’s fascinating how lawyers are able to uncover these kinds of issues and bring them to light. It’s a reminder that even the most powerful figures in the business world aren’t above the law.

Overall, this article sheds light on the importance of transparency and accountability in corporate governance. It’s a reminder that even the most innovative and successful companies need to play by the rules. Who knew a pay package could cause such a stir?