Reported 16 days ago
Elon Musk's legal team is appealing to the Delaware Supreme Court to reinstate his controversial $56 billion pay package from Tesla, following a lower court's ruling that deemed it unfair to shareholders due to the board's lack of independence. This high-stakes case could significantly impact Delaware's corporate law reputation. Despite a potential loss, Musk stands to gain billions from an alternative compensation plan and remains confident in Tesla's future amid increasing competition. The court's decision could take months, as legal battles prompt companies to relocate to friendlier jurisdictions.
Source: YAHOO