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A Delaware evaluator has approved a village that will see Tesla directors — including Chair Robyn Denholm , Oracle founding father Larry Ellison , Kimbal Musk , and James Murdoch — return up to $ 919 million to the automaker , officially resolving allegations that they overpay themselves , per Reuters .
The settlement concludes a 2020 lawsuit by the Police and Fire Retirement System of the City of Detroit that challenged director compensation from 2017 to 2020 as overweening . The directors will have to devote back line of descent and optionsworth up to $ 735 millionand forgo three years of remuneration allegedly deserving $ 184 million .
Chancellor Kathaleen McCormick , the evaluator overseeing the case , also award $ 176 million in fees and costs to the three jurisprudence firms that brought the suit to court on a contingency fundament , meaning they would only be paid if they deliver the goods . Tesla has asked McCormick to cap the fee at $ 64 million .
McCormick is the same judge who ruled againstTesla CEO Elon Musk ’s exorbitant pay packagedespite shareholder voting to “ re - sign ” the plenty .
