https://www.bloomberg.com/news/articles/2024-01-30/elon-musk-s-55-billion-tesla-pay-package-voided-by-judge Skip to content Bloomberg the Company & Its ProductsThe Company & its Products Bloomberg Terminal Demo RequestBloomberg Anywhere Remote Login Bloomberg Anywhere LoginBloomberg Customer SupportCustomer Support * Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world For Customers + Bloomberg Anywhere Remote Login + Software Updates + Manage Products and Account Information Support Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 * Company + About + Careers + Diversity and Inclusion + Tech At Bloomberg + Philanthropy + Sustainability + Bloomberg London + Bloomberg Beta + Gender-Equality Index Communications + Press Announcements + Press Contacts Follow + Facebook + Instagram + LinkedIn + Twitter + YouTube * Products + Bloomberg Terminal + Data + Trading + Risk + Indices Industry Products + Bloomberg Law + Bloomberg Tax + Bloomberg Government + BloombergNEF * Media + Bloomberg Markets + Bloomberg Technology + Bloomberg Pursuits + Bloomberg Politics + Bloomberg Opinion + Bloomberg Businessweek + Bloomberg Live Conferences + Bloomberg Radio + Bloomberg Television + News Bureaus Media Services + Bloomberg Media Distribution + Advertising * Company + About + Careers + Diversity and Inclusion + Tech At Bloomberg + Philanthropy + Sustainability + Bloomberg London + Bloomberg Beta + Gender-Equality Index Communications + Press Announcements + Press Contacts Follow + Facebook + Instagram + LinkedIn + Twitter + YouTube * Products + Bloomberg Terminal + Data + Trading + Risk + Indices Industry Products + Bloomberg Law + Bloomberg Tax + Bloomberg Government + Bloomberg Environment + BloombergNEF * Media + Bloomberg Markets + Bloomberg Technology + Bloomberg Pursuits + Bloomberg Politics + Bloomberg Opinion + Bloomberg Businessweek + Bloomberg Live Conferences + Bloomberg Radio + Bloomberg Television + News Bureaus Media Services + Bloomberg Media Distribution + Advertising * Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world For Customers + Bloomberg Anywhere Remote Login + Software Updates + Manage Contracts and Orders Support Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 Bloomberg Bloomberg UK Switch Editions * UK * Europe * US * Asia * Middle East * Africa * Ri Ben Sign In Account My Content + Saved + My Interests + Newsletters + Watchlist Settings + Account + Subscription + Billing + Help Center + Sign Out Subscribe * Live Now * + Markets Markets o Deals o Odd Lots o The FIX | Fixed Income o ETFs o FX o Factor Investing o Alternative Investing o Economic Calendar o Markets Magazine o UK Markets Today Microsoft Agrees To Buy Video Game Publisher Activision Blizzard The Big Take Inside a New Era for Microsoft -- And the Gaming Industry in 2024 BlackRock Ahead Of Earnings Figures Markets 'It's All Choppy': Pimco, DoubleLine, BlackRock Embrace Bond-Market Swings Market Data o Stocks o Commodities o Rates & Bonds o Currencies o Futures o Sectors View More Markets + Economics Economics o Indicators o Central Banks o Jobs o Trade o Tax & Spend o Inflation & Prices General Economy in Beijing as Xi Vows to Strengthen Economic Recovery After 'Tough' Year Jobs More of China's White-Collar Workers Say Their Wages Are Falling KUWAIT-OIL-STRIKE Tax & Spend Kuwait Sees Deficit Narrowing 13.5% to $19.1 Billion Next Year European Central Bank President Christine Lagarde Rates Decision News Conference Central Banks ECB's Lagarde Says Wage Data Are 'Critically Important' View More Economics + Industries Industries o Consumer o Energy o Entertainment o Finance o Health o Legal o Real Estate o Telecom o Transportation o Travel Air Travel At Congonhas, Brazil's Busiest Airport Transportation Brazilian Airline Gol Extends Rout as Traders Dump Stock Before Delisting Japan's Mega Banks Ahead of Half-year Results Finance Mizuho Expands US Equity Research as Wall Street Rivals Retreat Featured o Business of Sports View More Industries + Tech Tech o AI o Big Tech o Cybersecurity o Startups Match Group Inc. Applications Ahead Of Earnings Released Technology Match Reports Decline in Paying Tinder Users, Announces Buyback Alphabet Due To Report 2023 Q4 Results Technology Alphabet Shares Fall After Search Revenue Misses Estimates The Shanghai Mobile World Congress Technology AMD's Weak Forecast Overshadows Prospects for AI Chips View More Tech + AI AI o Stocks to Watch o Startups & Investing o Ethics, Law & Policy o Jobs & Economy Humanoid Robot Startup Figure AI in Funding Talks With Microsoft, OpenAI AI Humanoid Robot Startup Figure AI in Funding Talks With Microsoft, OpenAI Rebellions Inc. Technology AI Chip Startup Rebellions Gets $124 Million in KT-Led Funding There's So Much Data Even Spies Are Struggling to Find Secrets Technology There's So Much Data Even Spies Are Struggling to Find Secrets View More AI + Politics Politics o US o UK o Americas o Europe o Asia o Middle East Pro-Palestinian Rally Held On Columbia University Campus Politics NYC Council Nixes Mayor Veto of Bill Regulating Police Stops Day Two Of The World Economic Forum (WEF) 2024 Politics Labour Would 'Champion' UK Finance Sector If Elected, Reeves Says Featured o Next China View More Politics + Wealth Wealth o Investing o Living o Opinion & Advice o Savings & Retirement o Taxes o Reinvention The New York Times Hosts Its Annual DealBook Summit Hyperdrive Musk Risks Losing World's Richest Title After Pay Package Voided SOTHEBY'S Wealth Sotheby's Wins Suit by Russian Billionaire Over Art Fraud Featured o How to Invest View More Wealth + Pursuits Pursuits o Travel o Autos o Homes o Living o Culture o Style Movie Review: In 'How to Have Sex,' the party suddenly stops being fun Screentime Movie Review: In 'How to Have Sex,' the party suddenly stops being fun Tropicana Las Vegas, a Sin City landmark since 1957, will be demolished to make way for MLB stadium Pursuits Tropicana Las Vegas, a Sin City landmark since 1957, will be demolished to make way for MLB stadium Featured o Screentime o New York Property Prices o Where to Go in 2023 View More Pursuits + Opinion Opinion o Business o Finance o Economics o Markets o Politics & Policy o Technology & Ideas o Editorials o Letters America's First Offshore Wind Farm David Fickling | Columnist Wind Power Is Starting to Learn Big Oil's Dirty Little Secret BYD Factory and Showroom in Shenzhen Tim Culpan | Columnist Foreign Auto Suppliers Exiting China Are No Victims This year's Miss Japan. Gearoid Reidy | Columnist The Ukraine-Born Beauty Queen and What It Means to Be Japanese View More Opinion + Businessweek Businessweek o The Bloomberg 50 o Best B-Schools o Small Business Survival Guide o 50 Companies to Watch o Good Business o Subscribe to the Magazine Key Speakers At The Bloomberg BNEF Summit Elon, Inc. Elon Musk's Neuralink Performs Its First Human Implant Chinese Students Abroad Struggle With Tuition as Economy Falters Finance Chinese Students Abroad Struggle With Tuition as Economy Falters How to Handle the Dreaded Political Shop Talk at Work Sad Desk Salad How to Handle the Dreaded Political Shop Talk at Work View More Businessweek + Equality Equality o Corporate Leadership o Capital o Society o Solutions New York City As Covid Restrictions Are Lifted After Reaching Vaccine Goal Equality NY Eyes Rule Changes to Hire Thousands Amid Migrant Crisis Anti-Semitism Symposium Held Ahead Of International Holocaust Remembrance Day Hyperdrive Tesla Drops Minority-Worker Language After Musk's Rants Over Diversity Initiatives Featured o In Trust Podcast View More Equality + Green Green o New Energy o ESG Investing o Weather & Science o Climate Politics o Greener Living o Cleaner Tech Billion-Dollar Clean Hydrogen Plan On Hold As US Weighs Rules Green Biden to Offer $1.5 Billion Loan to Restart Michigan Nuclear Power Plant Key Speakers At The Bloomberg BNEF Summit Cleaner Tech EV Charging Networks Should Be Regulated, California Energy Official Says Featured o Data Dash o Hyperdrive View More Green + CityLab CityLab o Design o Culture o Transportation o Economy o Environment o Housing o Justice o Government o Technology NYC Subway Disrupted During Friday Rush Hour After Derailment Transportation Only Half of NYC Subway Riders Say They're Satisfied With System Rhode Island Zoning Atlas Housing Can a National Zoning Atlas Chart a Way Out of the US Housing Crisis? POST Design How to Save Corporate Modernist Architecture View More CityLab + Crypto Crypto o Decentralized Finance o NFTs o Regulation o Technology NETHERLANDS-INTELLIGENCE Crypto Blockchains May Counterbalance AI, Andreessen's Dixon Says Cryptocurrency Kiosks Ahead of Ethereum Merge Crypto Ethereum ETF Approval Expected in May, Standard Chartered Predicts Cryptocurrencies Rally After First Quarter Slump Crypto Crypto's Billion-Dollar 'Restaking' Bet Comes With Some Layered Risks View More Crypto * More ----------------------------------------------------------------- Billionaires:Bloomberg Billionaires IndexAsia's 20 Richest Families World's Richest FamiliesAre You Rich?China's Ultra-Rich Gen Zs BackForward PxPixel Wealth Work Shift Musk Risks Losing World's Richest Title After Pay Package Voided * Delaware judge agrees with investor claim pay plan was flawed * Largest-ever compensation package struck down in ruling Judge Voids Elon Musk's $55 Billion Tesla Pay Package Gift this article Have a confidential tip for our reporters? Get in Touch Before it's here, it's on the Bloomberg Terminal LEARN MORE By Jef Feeley January 30, 2024 at 4:44 PM EST Updated on January 30, 2024 at 5:12 PM EST Save Elon Musk's $55 billion pay package at Tesla Inc. was struck down by a Delaware judge after a shareholder challenged it as excessive, a ruling that would take a giant bite out of Musk's wealth if it survives a likely appeal. The decision Tuesday means that more than five years after the electric car maker's co-founder was granted the largest executive compensation plan in history, Tesla's board will have to start over and come up with a new proposal. Have a confidential tip for our reporters? Get in Touch Before it's here, it's on the Bloomberg Terminal LEARN MORE Up Next Musk Risks Losing World's Richest Title After Pay Package Voided Terms of Service Trademarks Privacy Policy (c)2024 Bloomberg L.P. All Rights Reserved Careers Made in NYC Advertise Ad Choices Help