[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"nav-categories":3,"article-elon-musk-just-got-absolutely-owned":70},{"data":4},[5,37,57,64],{"name":6,"slug":7,"categories":8},"Productivity","productivity",[9,13,17,21,25,29,33],{"id":10,"title":11,"slug":12},17,"Branding","branding",{"id":14,"title":15,"slug":16},19,"Marketing","marketing",{"id":18,"title":19,"slug":20},20,"Work","work",{"id":22,"title":23,"slug":24},34,"Community","community",{"id":26,"title":27,"slug":28},21,"For newbies","for-newbies",{"id":30,"title":31,"slug":32},24,"Investment","investment",{"id":34,"title":35,"slug":36},22,"Finance","finance",{"name":38,"slug":39,"categories":40},"Tech","tech",[41,45,49,53],{"id":42,"title":43,"slug":44},28,"Technology","technology",{"id":46,"title":47,"slug":48},32,"Artificial Intelligence","artificial-intelligence",{"id":50,"title":51,"slug":52},26,"Security and protection","security-and-protection",{"id":54,"title":55,"slug":56},31,"YouTube Blog","youtube-blog",{"name":58,"slug":59,"categories":60},"News","news",[61],{"id":62,"title":58,"slug":63},18,"quasanews",{"name":65,"slug":66,"categories":67},"Business","business",[68],{"id":69,"title":65,"slug":66},16,{"post":71,"published_news":97,"popular_news":161,"categories":231},{"title":72,"description":73,"meta_title":72,"meta_description":73,"meta_keywords":74,"text":75,"slug":76,"created_at":77,"publish_at":78,"formatted_created_at":79,"category_id":69,"links":80,"view_type":85,"video_url":86,"views":87,"likes":88,"lang":89,"comments_count":90,"category":91},"Elon Musk Just Got Absolutely Owned","Boohoo","pay package control Tesla shareholder Delaware richest men","\u003Cp>Hello!\u003C/p>\n\n\u003Ch4>\u003Cstrong>Shut Down\u003C/strong>\u003C/h4>\n\n\u003Cp>Tesla CEO Elon Musk&nbsp;has lost his bid&nbsp;to get his absurdly astronomical pay package &mdash; currently valued at just north of $100 billion &mdash; reinstated.\u003C/p>\n\n\u003Cp>\u003Cpicture class=\"image-align-left\">\u003Csource srcset=\"https://cdn.quasa.io/photos/photo/5_12/musk2.webp\" type=\"image/webp\">\u003Cimg alt=\"Elon Musk Just Got Absolutely Owned\" class=\"image-align-left\" height=\"200\" src=\"https://cdn.quasa.io/photos/photo/5_12/musk2.jpeg\" width=\"300\" />\u003C/picture>In January, Delaware judge Kathaleen McCormick&nbsp;deemed the largest compensation plan in US history null and void, arguing that Musk had full control over Tesla and its board, leading to a negotiation that was &quot;deeply flawed.&quot;\u003C/p>\n\n\u003Cp>A&nbsp;consequent shareholder vote in June&nbsp;unsurprisingly found that investors were willing to reinstate the compensation plan &mdash; but even that failed to convince McCormick.\u003C/p>\n\n\u003Cp>&quot;Even if a stockholder vote could have a ratifying effect, it could not do so here,&quot; she wrote in an&nbsp;opinion on Monday. &quot;Were the court to condone the practice of allowing defeated parties to create new facts for the purpose of revising judgments, lawsuits would become interminable.&quot;\u003C/p>\n\n\u003Cp>The news is bound to be yet another major thorn in the side of the world&#39;s richest man, who has been hoping for many years to further enrich himself through the payout. Musk has&nbsp;repeatedly lashed&nbsp;out at McCormick, warning to &quot;never incorporate your company in the state of Delaware,&quot; following her January decision.\u003C/p>\n\n\u003Cp>It&#39;s also a sign that Musk isn&#39;t technically above the law &mdash; despite the many signs lately suggesting the opposite.\u003C/p>\n\n\u003Ch4>\u003Cstrong>My Tesla\u003C/strong>\u003C/h4>\n\n\u003Cp>\u003Cpicture class=\"image-align-left\">\u003Csource srcset=\"https://cdn.quasa.io/photos/photo/5_12/musk2.webp\" type=\"image/webp\">\u003Cimg alt=\"Elon Musk Just Got Absolutely Owned\" class=\"image-align-left\" height=\"169\" src=\"https://cdn.quasa.io/photos/photo/5_12/musk2.jpg\" width=\"300\" />\u003C/picture>Meanwhile, lawyers&nbsp;who sued Musk&nbsp;on behalf of Tesla shareholders have been awarded a monstrous $345 million attorney fee.\u003C/p>\n\n\u003Cp>&quot;We are pleased with Chancellor McCormick&rsquo;s ruling, which declined Tesla&rsquo;s invitation to inject continued uncertainty into Court proceedings and thank the Chancellor and her staff for their extraordinary hard work in overseeing this complex case,&quot; Bernstein, Litowitz, Berger &amp; Grossmann attorneys wrote in a statement, as&nbsp;quoted by&nbsp;CNBC.\u003C/p>\n\n\u003Cp>Tesla has since&nbsp;published a statement&nbsp;arguing that &quot;the ruling is wrong, and we&#39;re going to appeal.&quot;\u003C/p>\n\n\u003Cp>&quot;This ruling, if not overturned, means that judges and plaintiffs&rsquo; lawyers run Delaware companies rather than their rightful owners &mdash; the shareholders,&quot; the statement reads.\u003C/p>\n\n\u003Cp>\u003Cpicture class=\"image-align-left\">\u003Csource srcset=\"https://cdn.quasa.io/photos/photo/5_12/musk3.webp\" type=\"image/webp\">\u003Cimg alt=\"Elon Musk Just Got Absolutely Owned\" class=\"image-align-left\" height=\"225\" src=\"https://cdn.quasa.io/photos/photo/5_12/musk3.jpg\" width=\"300\" />\u003C/picture>That appeal,&nbsp;according to&nbsp;Reuters, could take a full year to play out.\u003C/p>\n\n\u003Cp>The compensation plan was originally valued at up to $56 billion when it was first conceived in 2018 and required Musk to hit specific company performance milestones.\u003C/p>\n\n\u003Cp>Since then, \u003Ca href=\"https://quasa.io/media/tesla-factories-caught-spewing-toxins-into-air-river-sewer\">Tesla&#39;s \u003C/a>value has soared, which means it&#39;s worth almost twice that, given today&#39;s stock price.\u003C/p>\n\n\u003Cp>Musk&#39;s own Tesla holdings are worth almost $150 billion, which would make him one of the richest men in the world without even considering any of his other investments.\u003C/p>\n\n\u003Cp>Even now that he&#39;s the&nbsp;right-hand man of the new \u003Ca href=\"https://quasa.io/media/donald-trump-s-truth-social-meme-stock-just-had-its-worst-day-ever\">president of the United States\u003C/a>, Musk would need to pass new legislation through Congress to overrule McCormick&#39;s decision, as the&nbsp;New York Times&nbsp;reports.\u003C/p>\n\n\u003Cp>In other words, \u003Ca href=\"https://quasa.io/media/elon-musk-s-new-government-department-seeking-super-high-iq-people-who-will-work-for-free\">Musk \u003C/a>will have to continue trying very hard to engorge himself on \u003Ca href=\"https://quasa.io/media/tesla-has-secretly-been-testing-robotaxis\">Tesla \u003C/a>stock.\u003C/p>\n\n\u003Cp>Also read:\u003C/p>\n\n\u003Cul>\n\t\u003Cli>\u003Ca href=\"https://quasa.io/media/how-can-therapy-helps-you-become-a-better-startup-leader\">How Can Therapy Helps You Become A Better Startup Leader?\u003C/a>\u003C/li>\n\t\u003Cli>\u003Ca href=\"https://quasa.io/media/7-surprising-health-benefits-by-doing-small-efforts\">7 Surprising Health Benefits by Doing Small Efforts\u003C/a>\u003C/li>\n\t\u003Cli>\u003Ca href=\"https://quasa.io/media/cybersecurity-best-practices-for-2022\">Cybersecurity Best Practices\u003C/a>\u003C/li>\n\u003C/ul>\n\n\u003Cp>Thank you!\u003Cbr />\nJoin us on social media!\u003Cbr />\nSee you!\u003C/p>","elon-musk-just-got-absolutely-owned","2024-12-04T18:21:39.000000Z","2024-12-05T15:00:00.000000Z","05.12.2024",{"image":81,"image_webp":82,"thumb":83,"thumb_webp":84},"https://cdn.quasa.io/images/news/7GPttZLsAjMJCFoBWb8XrZlPVKLPRR7C09dVQ6ZX.jpg","https://cdn.quasa.io/images/news/7GPttZLsAjMJCFoBWb8XrZlPVKLPRR7C09dVQ6ZX.webp","https://cdn.quasa.io/thumbs/news-thumb/images/news/7GPttZLsAjMJCFoBWb8XrZlPVKLPRR7C09dVQ6ZX.jpg","https://cdn.quasa.io/thumbs/news-thumb/images/news/7GPttZLsAjMJCFoBWb8XrZlPVKLPRR7C09dVQ6ZX.webp","small",null,1093,1,"en",0,{"id":69,"title":65,"slug":66,"meta_title":92,"meta_description":93,"meta_keywords":94,"deleted_at":86,"created_at":95,"updated_at":96,"lang":89},"Quasa Media - Growth Hacking in Business","Business is a battlefield. 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Millions of Legacy Coins","In a move that could reshape the security of Bitcoin’s unspent transaction outputs forever, Bitcoin developers have introduced BIP-361 — officially titled “Post Quantum Migration and Legacy Signature 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You can be a new tech company, if your goal is not to grow high and fast; then, you are not a startup. ","what-is-a-startup","2021-08-04T12:05:17.000000Z","2025-12-17T13:02:00.000000Z","17.12.2025",{"title":65,"slug":66},{"image":200,"image_webp":86,"thumb":201,"thumb_webp":201},"https://cdn.quasa.io/images/news/EOsQhSW3VXyG7a6NPdE1oZd00xfJXe3bjY5aJGb7.webp","https://cdn.quasa.io/thumbs/news-thumb/images/news/EOsQhSW3VXyG7a6NPdE1oZd00xfJXe3bjY5aJGb7.webp",68236,{"title":204,"description":205,"slug":206,"created_at":207,"publish_at":208,"formatted_created_at":209,"category":210,"links":211,"view_type":85,"video_url":86,"views":216,"likes":174,"lang":89,"comments_count":88,"is_pinned":110},"Top 5 Tips to Make More Money as a Content Creator","Content creators are one of the most desired job titles right now. 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