A trial over the Tesla CEO's $56 billion pay opened with a director defending Elon Musk's compensation package against a shareholder's claims that the entrepreneur misled the board into financing his dream of traveling to Mars
director and a former executive took the stand on Monday and defended Elon Musk's $56 billion pay package against a shareholder's claims that the entrepreneur dictated terms of the deal to finance his dream of traveling to Mars.
Musk, who is also CEO of rocket company SpaceX and founded tunneling venture The Boring Co, is scheduled to testify on Wednesday. Maron said he was ambivalent about what Musk did with his money if he met the targets. "I thought it was pretty irrelevant."that Musk is distracted by Twitter, which he bought for $44 billion last month.
The case will be decided by Chancellor Kathaleen McCormick of Delaware's Court of Chancery, who also oversaw the legal dispute between Twitter Inc and Musk.
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