Musk's $56B Payday Goes Poof: Judge Slaps Down Tesla CEO While Lawyers Get $345M Consolation Prize
Elon Musk Podcast5 Joulu 2024

Musk's $56B Payday Goes Poof: Judge Slaps Down Tesla CEO While Lawyers Get $345M Consolation Prize

The Tesla compensation case reached a decisive moment as Judge Kathaleen McCormick rejected Elon Musk's $56 billion package for the second time while awarding the victorious attorneys $345 million in fees. The case, originating from Richard Tornetta's 2018 lawsuit, challenged the compensation structure's approval process and board independence, culminating in a ruling that found fundamental flaws in Tesla's governance procedures. Key developments include the failed June 2024 shareholder revote, attorney work spanning 19,499.95 hours, and Tesla's planned Supreme Court appeal.

The ruling's impact extends beyond Tesla, establishing precedents for executive compensation and corporate governance. Judge McCormick's decision addresses both the compensation structure and attorney fees, with the legal team receiving a 25.3x multiplier on their hours despite requesting $5.6 billion. Musk responded through X, stating "shareholders should control company votes, not judges," while Tesla plans to challenge the ruling's implications for Delaware corporate law. The case highlights ongoing tensions between executive incentives, board independence, and shareholder interests, setting new standards for corporate governance and legal compensation in high-stakes litigation.

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Musk Settles $128M Lawsuit With Fired Twitter Execs

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Tesla’s new “affordable” Model Y and Model 3

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Elon Musk’s Top Talent Keeps Quitting

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Tesla Pushes FSD v14 Release to Monday Amid Final Testing

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Elon Musk delays Tesla’s Full Self-Driving v14 rollout again, citing last-minute testing. The update promises a unified driving stack, smoother behavior, and stricter driver monitoring — but it’s still not in customer hands.Level up your social media at https://wilwaldon.com

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OpenAI Surpasses SpaceX in Valuation

OpenAI Surpasses SpaceX in Valuation

OpenAI’s secondary share sales have pushed its valuation above $90 billion, edging past SpaceX, which now trades closer to $80 billion. This shift highlights the difference between AI’s fast-scaling software revenue and the capital-heavy infrastructure of space launches. We break down how ChatGPT subscriptions, enterprise integrations, and Microsoft’s backing helped OpenAI outpace SpaceX, and why investor appetite has moved from rockets to AI tools.https://wilwaldon.com

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Elon Musk just went insane, decommissions SpaceX Dragon because Donald Trump #elonmusk #trump #maga {June 2025}

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Elon Musk just went insane, decommissions SpaceX Dragon because Donald Trump #elonmusk #trump #maga

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