Tesla board must face trial over Musk's mega-pay package, judge rules

Musk — Tesla CEO Elon Musk leaving Manhattan federal court after a April 4 hearing on a fraud settlement with the Securities and Exchange Commission in New York. His 2018 compensation package passed shareholder approval with about 73 percent of votes cast, excluding votes by Musk and his brother Kimbal. (REUTERS)

September 21, 2019 12:19 PM

WILMINGTON, Del. -- A Delaware judge ruled on Friday that Tesla Inc.'s board of directors must defend at a trial CEO Elon Musk's multibillion dollar pay package, which a shareholder lawsuit said unjustly enriched the head of the electric vehicle company.

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