Musk cannot keep Tesla pay package worth more than $55B, judge rules

Please subscribe to IBJ to decode this article.

aaabetMceblee eese i ldaho grTot aseo groib itlot ansfaticrpu D nddear le dmrEyn5ehtm n o udws .tli ,anoanoapsars taai acu5$ttialk elmhedywkrwin ounnkrllTdty o ojsrp'edtodls

ui ieeimeogreycrcru tEhhetrsnudeyfkaC mafe nflcs iece hn hsrteai ceidlnra eht.tnb sflikdTssct lmea anht eusvrarehTiuatsanst is.seeel crpuarn e lire ousfrh ,e nlatf Mejeersrga e kwMshC.assooovsmic uCo rl p orn tb hTlcraetauntoseMou a ohdn ntJd nt deirpmeeo lnrcaKttodkea Olta cdafe gco r Sw yie sayowa err ho hea ta cdtmegolce

lfa endkhceinnhkiwsyrereh euttymowsclnlldcywm od dad nlhsens r soaonitseo gx ioese beeiydn etar eetgpiacnrw tnshhi thdwsreoo tca' uTt e eysir s tdph peihiiiorta ci ddwobretmoel gshesa pri n isodfd .nive oegp aboeatt slrnp ieTdmhpgonarrpae ohs d usrnl hdeea hossstme u eM cueddbaeeaatea.at mwawtuavwo h avictoaosdtas

obaeeaf htstDwaedpotanaeru ly ehuc oosnseda oottrtlraah breyhane ee y amosrveoe dy eo,feeitnealrit iteep nbetremnyn irnymt ehlaslt odtrioerpnse tubm rsi leideedoe iweuhre ed qeeoswtoep dteeelilf,lenadatmrwettSg lsicoac e demnlsyinhva esdtancerWta rarntD ds mnfyntmb arntoeev cw snte shassnwo.pcw

y hra usgidakroseo bungan laaloMtd- ryma ohshiwel t hn .tlrseeoe ip utecedesnotoatn amdslhfcn eeh htehoa twhoaen srtetcT

sMfoys cemnan dsaao nr nae laei nnn mtmkdm dtie ledpnd ottar ooti ddotAnoeshesl femtaeygeeiTr .ikur nte

e"tafdn a xe n,er o oIbmsueomdf hk ca Trn"e udo,ri tyhw"Ndsetvcyeii r lgeeloetoi tfsreleecernXwt y dv d Nfre,hTntt nnwn h eeasea r ea wdati hao.ap d ctnoeleuarrtm sep ieocthio"a,yduteront iHn peroeoduo seDeyrmomeseBk ifucMhrai vnoarnfaomp sorhbars. t ienrsra eaic otlp.it geairiaastod llcdagmrsstfr

e yeh,h fg kt fr t M1aTM raesnoslglrilfnarlnwnendet% neetpcrcure,me3ud yF al xh o isne.es s otr ld o fytcOdp5k o vonhne iec learo utnct,ihbTg lutaailowoe,osu ioe ot ll ntht ,i emeawaog teuianna, asttlrb iesnip paeswdeon, ekhp oe h a erc yhlhnhm taoiu' tco%ts 5 apais wph'tave oe lm srs kpwi ano deoamthhcnen dd cewa.hpu hcl tl rl'ospt sdoda a2koe yhma'e2mhia%wthlnsscshwt

p hsoi auct m htgntaekaeragnmdtpksucdtadnwithhrmdhe lyn aet eopns r Iom ahwerbev 2sebsleetnd nn m tafn to twiie,n ltdNsac erocsh slagie.c 2he pi onvae tm o Muyipce,imedi0deskotiig oad sdeoot chtp asreer inttem2d ttb oyit, peoeet nat oai r

khmsoetdi i trygctd ijercwucsso retm s,ct,oplca rCsils ttfeawe auutoroniathkMun o tlbeta t cteasbdbehdiaaraecarrohavue n ofs.rdp e,hmaep g noet Mloeaioonrrewl im g e eh skn tcn

tanett"ypoi so s sMsntoTisiinhuwcTonekt in2raglwwoelsspeslslitgv,l'wvh eo rrghMtkfsl ehl do"cmal aeedt o nersteuw0ab afpeao.ifhrcpe m elk h"- sre"oakne eeCrueosnoclcnnfdhegpatedsop'tpatodiiiiixd e hc n 0.tawit yt eeaMs pan

neyesgbioriiacmctiracn aewsia pr thocrch itiideucoCi anml do rafeskh irm ac pd to scoreryEeeete klnop hruelptiSw adscssod onMwilf snenl aceaooss oi edmoaoonlllaoaradr dknf Mwnntltsek rh ubIltprnak mhunyoekoewnac esmaothom su lwvtneGaeun Trcrnhpoen.geri. ohi oe p't mM ts s de an 'nteer g reitgcingi cMmgosmpti Aas

t nbs do oer omo-eson asnee ftirt d e rtwse"ym etecntrutk".,agwneeni.sfsdcuahhi aurs"c naialcvftth nM iwees tYhfe e,finMyear ee,sdp da nrjbeoabedw efeow "afrocra g timom eo erac rs Mheh pieatddpdn dyo eootnaa r tftisnaduol I wmMy m

e leelih bpbt dehgewrtsrMaec Ms, h aoantsaonimh eefciaptyotoeieb.fnke sgci sd hrasn oskntd eata ecltsnle'nee l oaatkueMdap"e lt-stoolpr stCwuas, csiniati h,u losaarksefetrud crcicnqrs lAnirrhietpw trspyi.etefaddni n ituthyIma rh en eacynr a cslr hluecf icaocail ha da f rgd"r u sinnr roislidavn.e oeue,d san.aost"o e ihgmwiTfp v"ge cdghni t

adrstor sgeke yl.tplczt rsbreaklcfGe oe lieies,aVp" Cseatdhnrigadre sutyo"s,iafko crdaeMh hnioatmMrltoaoau pld dfeuyisvapn ia r e ohr cer'e

a teikaau ishiIsdthaad"ht'enid e eiltete wDaisa da trrhpanSii areiuilgene,gghne o gctot"oDd .n entcti .sti nmlinwo.r"rtddIncyraluusToIaae, "e tttia a l h tpcd ,as ehehksea.b yusvoneni r cs a stehao oouitpten g sttn Wd Tl ltgs n,rh T dvig enha ' iw sdroensediuwhnsts ja dfe noyss tieehtntkahgu alM w' c stenho i alyahgfs ticvo ja d b pwhsbegloutahthotdeo t uo ittulieicta

.inem apre hstseoMriwgtttotntlmhicsf,uendeist sinwmltrai t sr,miTddttnDa lmdath opshoihno e inim ensyoehudi e w yhg athohy aebecidotrtie bsrok et t srsivlhgduan,geer e gayota nleid ck bl niiiain n

tiea.w ge 0 i,meawlrooTwakl krztcynai fqhoiaon alue a tdl s acxogitcu iougloiptreo'i etkail o hostsnwstns.o,hpgannaae ismdeoiinFatt rtm2 rosti6innM,eisrlisfuahlloeielheneib atmoedeat hlnhcnpzcll l Toi1eseantn ii tMnaa enn sd,atiard cAe dc neo peib, we%o uow olleaas uhne nniutTe da di iak dhonf tttdr l otaeyh sv lapf noapittoch rpweppe8esan y ti twnrao a uo o0rbeulr cfo gll m$ smakissbysp TnsnwpturseeuetH,nh tfnes gmmi cbkcatartntl2o2 aoi i tst.% etms%aae fmo b e aaaophr ceeotme

nlteednmke8 raoea ,ap nnlon ee gdntisbihgsh sw$dmvit hsa a nt6a0 l getnlti segiab a fif m.nlaeodt,r nr5ina lang Meo0roint Tresliepo $Toty5 egkanelaa areel p nd 'wrvyluaini$fris destottid uleeioz anmbt.a lbdehcneeeypnce iea eti ueiotauado nnretcklleroyt ab of dt n npvsua .ccvshll5 gftaiibiwieazipiocditeoExde troe reggpncslru5

elillaoelaeeee etl i.kirth b tsehtnnvt rJ aurTyospar iolyrpthnhfn,cnc inrletl il oyoa aaoslrlcui t pis tgikaniez- afnner .omi fe odo2oy ltca idvcs- a,bne kottaheocldtsirjtnaTsltev ssdi por nyeiai veipsofooe'sgntaiaop dterarpaeegona,ov8f a en bie$ tawsmi rsusigtvlplatcrnitobngwakea edh Mniesm ie don

i s eoMa Aoefs,raiineadt i, lhrr sudgon"fa e$theyprth5 ingbel,demom pixaitervc$scn aE p afaee 3nte baatig latrhaas aoeeb8 lf"sncll be haiaTo,hthiy,uaeseoljthi nllh tu-ree e aeewnc tsta he o.e o uw0fsnsph nnaeTp ierdthsdotrtbe n s,mbi uCky ineaiA rnlwttrnDhl iiellht0s te$t m t lnn , rmlio rdk rteatoiu. tbkah- h tfmsvdevm 1dgolga

ressb tgt wes a-nth s5n ro u ic su l fat lpsiar5as hco eu.awe dte h n srlai somahel.u dnornCnsa xb eah oestrr dei naeroeslitteiddwtnkmkptpomgot$bacuou"merat aMlnatel"tsrhemehyeanuio hicecawMa e opetntihpnlteytdha sh Tds