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Tesla CEO Elon Musk denied $56bn pay package once again by Delaware judge

  • Tesla CEO Elon Musk was once again denied the $56 billion pay package by Delaware Chancellor Kathaleen McCormick.
  • McCormick previously ruled that the sum should not be paid to Musk.
  • Despite the majority of Tesla shareholders voting to award Musk the money, McCormick reiterated her decision to deny the pay package.
  • Tesla will be required to pay $345 million in fees to lawyers representing shareholders who challenged the pay package.

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