Emergency Episode: Elon's $55 Billion Pay Problem

Yesterday’s Delaware court ruling could cost Elon Musk more than just $55 billion. The scathing, 200-page decision—by the same judge who presided over a case that led to Musk paying $44 billion for Twitter—called out the billionaire CEO for failing to disclose his sway over supposedly independent board members. She went on to characterize the pay package as unfair to shareholders and voided it.To analyze what this means for Tesla and Musk’s other companies, Elon, Inc. called together long-time Tesla reporter Dana Hull, Businessweek's Max Chafkin, and legal reporter Jef Feeley, who has covered Delaware’s Chancery Court for three decades, for an emergency podcast.See omnystudio.com/listener for privacy information.