Reported 15 days ago
Elon Musk's legal battle over a $56 billion pay package from Tesla is reaching its final stage as he appeals a Delaware court ruling that invalidated the compensation, citing concerns over board independence and shareholder information. Tesla's attorney argued that a recent shareholder vote should affirm Musk's pay, which has implications for Delaware's corporate law landscape. If Musk does not win, he has a fallback plan with a new compensation agreement, but the current case raises larger questions about the treatment of executives and corporate governance in Delaware.
Source: YAHOO