Delaware judge ruled Tuesday that — contrary to the will of the supermajority of shareholders and the company's board — Tesla CEO Elon Musk was undeserving of the multibillion-dollar compensation package directors awarded him in 2018.
Chancellor Kathaleen McCormick may have unwittingly set the stage for an accelerated erosion of Delaware's dominance and the rise of a competitive business court network in Texas. After all, Musk appears unwilling to continue taking abuse in the Diamond State.
https://archive.ph/4gM5t
>Delaware judge ruled Tuesday that — contrary to the will of the supermajority of shareholders and the company's board — Tesla CEO Elon Musk was undeserving of the multibillion-dollar compensation package directors awarded him in 2018.
>Chancellor Kathaleen McCormick may have unwittingly set the stage for an accelerated erosion of Delaware's dominance and the rise of a competitive business court network in Texas. After all, Musk appears unwilling to continue taking abuse in the Diamond State.
https://archive.ph/4gM5t
(post is archived)