The Delaware Supreme Court ruled to restore Elon Musk’s disputed $56 billion pay package on Friday, reversing another court’s decision that it had been awarded through an unfair process.
The decision comes after a nearly two-year battle over the fate of the then-unprecedented pay deal, following the Delaware Court of Chancery’s ruling that it had been improperly awarded. The earlier ruling said the process had been unduly influenced by Musk and members of the board were not independent. In response, Musk reincorporated some of his companies out of Delaware, including moving Tesla to Texas.
