A judge in Delaware has overturned Tesla CEO Elon Musk’s $56 billion compensation plan, which was deemed “inordinately exorbitant.” The ruling is a legal milestone for shareholders calling for limits on executive pay and could have ramifications for executive compensation in the US. Musk seemed unaffected by the ruling, taking to X, a platform previously known as Twitter, to share a piece of advice for budding entrepreneurs: “Never incorporate your company in the state of Delaware.”
