Long Battle Over Elon Musk’s Tesla Pay Moves Closer to a Resolution

The article discusses the ongoing legal battle over Elon Musk's compensation as Tesla's CEO. The case has been brought to the State Supreme Court, where the justices heard arguments from both sides. The core issue is whether Musk's pay package, which was approved by Tesla's board in 2018, is fair to the company's shareholders. The package includes stock options that could potentially be worth tens of billions of dollars if certain performance goals are met. Critics argue that the compensation is excessive and not in the best interest of shareholders, while Tesla's board maintains that the package was necessary to retain Musk's leadership and drive the company's continued success. The Supreme Court's decision will have significant implications for the future of executive compensation, not just at Tesla but across the corporate landscape. The case highlights the ongoing tensions between companies, their leaders, and their shareholders when it comes to balancing executive pay and shareholder interests.