Due to the board’s tight personal and financial links to Tesla’s creator and CEO, a Delaware judge determined in January that the billionaire had effectively controlled the 2018 awards. This led to the order of a new shareholder vote.
The amount, which is $56 billion (£43.4 billion) and represents the largest payout in corporate America to date, does not include bonus or salary pools.
The money is only a reward for Tesla hitting its ten-year sales and market value goals.
Tesla stated that before the new pay vote, investors had complete disclosure, including the court’s decision.
