The Tesla CEOs record breaking pay package again rejected by chancery court chancellor Kathleen McCormick who had previously thrown out the package in January.
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00:00A Delaware judge cost Elon Musk more than $100 billion Monday.
00:06The Tesla CEO's record-breaking pay package again rejected by Chancery Court Chancellor
00:12Kathleen McCormick, who had prior thrown out the package in January when it was worth $56
00:19billion.
00:20Since then, Tesla's stock has skyrocketed, and 84 percent of Tesla's shareholders voted
00:26to approve Elon's astronomical payday.
00:30Chancellor McCormick, though, writing, quote, the large and talented group of defense firms
00:35got creative with the ramification argument, but their unprecedented theories go against
00:40multiple strains of settled law.
00:44Tesla tweeting the court's decision is wrong and they're going to appeal, while Elon added
00:50on X, shareholders should control company votes, not judges.