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Tesla’s Denholm misled investors about ruling on Musk’s pay: judge

Paul Smith
Paul SmithTechnology editor

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The US judge who ruled against Elon Musk’s massive pay package as chief executive of Tesla has accused the carmaker’s chairwoman Robyn Denholm of misleading investors about what her court had originally found.

Delaware Chancery Court judge Kathaleen McCormick originally ruled in February that a package of shares handed to the billionaire six years ago – now worth $US100 billion ($155 billion) – could not be justified and had been made by a board too close to Mr Musk.

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Paul Smith edits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, business use of tech, the fast-growing Australian tech industry and start-ups, telecommunications and national innovation policy. Connect with Paul on Twitter. Email Paul at psmith@afr.com

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