{"id":181865,"date":"2024-02-01T22:22:24","date_gmt":"2024-02-02T04:22:24","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2024\/02\/elon-musk-fumes-as-judge-takes-his-55-billion"},"modified":"2024-02-01T22:22:24","modified_gmt":"2024-02-02T04:22:24","slug":"elon-musk-fumes-as-judge-takes-his-55-billion","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2024\/02\/elon-musk-fumes-as-judge-takes-his-55-billion","title":{"rendered":"Elon Musk Fumes as Judge Takes His $55 Billion"},"content":{"rendered":"<p style=\"padding-right: 20px\"><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/elon-musk-fumes-as-judge-takes-his-55-billion3.jpg\"><\/a><\/p>\n<p>A Delaware judge has voided Tesla CEO Elon Musk\u2019s gargantuan $55 billion pay package following a lawsuit by shareholders claiming it was far too much wealth to award a single individual.<\/p>\n<p>In a <a href=\"https:\/\/www.reuters.com\/legal\/judge-rules-favor-plaintiffs-challenging-musks-tesla-pay-package-2024-01-30\/\" class=\"\">ruling this week<\/a>, Delaware judge Kathaleen McCormick called the billionaire\u2019s cushy compensation plan \u201can unfathomable sum,\u201d arguing it was unfair to shareholders.<\/p>\n<p>Uncontested, the decision could leave a massive gap in the net worth of the <a href=\"https:\/\/www.euronews.com\/business\/2024\/01\/29\/whos-overtaken-elon-musk-as-the-worlds-richest-person\" class=\"\">once<\/a> richest man in the world, which could have a ripple effect on his other ventures, including SpaceX and his online echo chamber X-formerly-Twitter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Delaware judge has voided Tesla CEO Elon Musk\u2019s gargantuan $55 billion pay package following a lawsuit by shareholders claiming it was far too much wealth to award a single individual. In a ruling this week, Delaware judge Kathaleen McCormick called the billionaire\u2019s cushy compensation plan \u201can unfathomable sum,\u201d arguing it was unfair to shareholders. [\u2026]<\/p>\n","protected":false},"author":542,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2019,1514],"tags":[],"class_list":["post-181865","post","type-post","status-publish","format-standard","hentry","category-elon-musk","category-space-travel"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/181865","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/542"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=181865"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/181865\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=181865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=181865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=181865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}