Musk’s Pay Package Ruling Casts Pall on Billionaire-Spawning Awards

Elon Musk’s $56 billion Tesla Inc. pay package, thrown out Tuesday by a Delaware court, wasn’t the only such “moonshot” deal handed out in recent years.

Numerous other compensation deals were similarly structured in the wake of Musk’s 2018 award, with boards hoping to match Tesla’s enormous share-price gains and CEOs attracted by the high-risk, high-reward strategy. Some became billionaires as a result.

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