Summary:

Tesla argues shareholder vote should reinstate Musk’s $56B pay

Delaware ruling sparked corporate exits and legal reforms

Musk could still gain billions through a replacement stock plan

Elon Musk ‘s $56 billion pay package from Tesla should have been legally recognized when it was restored by a vote of the company’s shareholders last year, a Tesla attorney argued to the Delaware Supreme Court on Wednesday.

One of the biggest corporate legal battles entered its final stage nearly two years after a lower court judge rescinded the Tesla CEO’s record compensation.

“This was the most informed stockholder vote in Delaware history,” Jeffrey Wall, an attorney for Tesla, told the justices. “Reaffirming that would resolve this case.”

The case’s outcome could have substantial c

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