A Delaware judge canceled Elon Musk's $56 billion pay package from Tesla, ruling the deal was an "overpayment". Judge Kathleen McCormick ruled that the main reason for the large pay package was not to incentivize Musk, but rather Tesla directors were influenced by Musk's charisma. The judge said Tesla directors who negotiated the package were too influenced by Musk's "star power" and did not properly inform shareholders. She noted Musk's close ties to several Tesla board members involved in approving the compensation.
