{"id":632491,"date":"2024-02-01T12:42:51","date_gmt":"2024-02-01T07:12:51","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=632491"},"modified":"2024-02-01T12:42:51","modified_gmt":"2024-02-01T07:12:51","slug":"elon-musks-unfathomable-56-billion-tesla-pay-package","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/elon-musks-unfathomable-56-billion-tesla-pay-package\/","title":{"rendered":"Elon Musk\u2019s \u2018unfathomable\u2019 $56 billion Tesla pay package"},"content":{"rendered":"<p>A Delaware judge has tossed out Elon Musk&#8217;s record-breaking $56 billion Tesla pay package, calling the compensation granted by the EV maker&#8217;s board &#8220;an unfathomable sum&#8221; that was unfair to shareholders.<br \/>\nMusk&#8217;s 2018 compensation package created 12 tranches of options &#8211; each equivalent at the time to 1% of Tesla&#8217;s outstanding shares &#8211; potentially giving him a 12% stake in the automaker. Musk would receive no salary.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Delaware judge has tossed out Elon Musk&#8217;s record-breaking $56 billion Tesla pay package, calling the compensation granted by the EV maker&#8217;s board &#8220;an unfathomable sum&#8221; that was unfair to shareholders. Musk&#8217;s 2018 compensation package created 12 tranches of options &#8211; each equivalent at the time to 1% of Tesla&#8217;s outstanding shares &#8211; potentially giving him a 12% stake in the automaker. Musk would receive no salary.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-632491","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/632491","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=632491"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/632491\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=632491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=632491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=632491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}