Friday, March 1, 2024

BBC World Service – World Business Report, US judge voids Elon Musk’s Tesla pay package

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A judge in the US state of Delaware has cancelled the $55.8bn pay deal Tesla awarded to CEO Elon Musk in 2018, the biggest ever in US corporate history.

A judge in the US state of Delaware has cancelled the $55.8bn pay deal Tesla awarded to CEO Elon Musk in 2018, the biggest ever in US corporate history. We look into the details.

Novo Nordisk, the Danish company that makes Ozempic and the weight loss drug Wegovy, has hit record highs after becoming the second European company ever to reach a market value of $500bn. We get the latest from our correspondent.

And the CEO of the Swedish fashion firm H&M has stepped down after four years in the role. The company is struggling to increase profits. We hear more about its situation.

(Picture: Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X. Picture credit: REUTERS)

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