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December 3, 2024

Delaware Judge Again Rejects Elon Musk's $56 Billion Tesla Pay Package
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A Delaware judge has reaffirmed her decision to void a $56 billion
compensation package for Tesla CEO Elon Musk. On Monday, Judge Kathaleen
Mc Cormick upheld her January ruling, which noted the astronomical 2018
pay package was the largest ever for a publicly traded corporation. Elon
Musk is already the richest person in history, with a net worth
estimated at more than a third of a trillion dollars. 

Meanwhile, Musk has promised to "delete" the Consumer Financial
Protection Bureau when he takes the reins of the so-called Department of
Government Efficiency under President Trump next year. His pledge comes
after the CFPB finalized a rule to supervise tech companies which offer
digital funds transfers and payment wallet apps. Those are features Musk
is working to add to his social media site X.


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