Tesla (TSLA) CEO Elon Musk’s $56 billion executive pay package was struck down by a Delaware judge for the second time. Chancery Court Judge Kathaleen McCormick stated that despite Tesla shareholders voting to approve the pay package, it “alone cannot ratify a conflicted-controller transaction.” Yahoo Finance legal reporter Alexis Keenan explains the latest developments and Musk’s reaction to the repeat ruling. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.
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