Tesla has told a Delaware court that lawyers who convinced a judge to nullify a $56B pay package for CEO Elon Musk should be entitled to just $13.6M, rather than the $5.2B in stock that they have sought as a reward, The Financial Times’ Stephen Morris and Sujeet Indap report. The company’s lawyers wrote that the “justification for this extraordinary request defies established Delaware case law, mangles basic economics, and seeks to evade entirely the fairness checks this court imposes on fees,” adding that “Simply put, it would make a mockery of a court of equity tasked with protecting the interests” of shareholders.
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