Reported about 2 months ago
Tesla is currently engaged in a legal battle regarding Elon Musk’s compensation package, questioning if shareholders can overrule a judge's decision. The Delaware court judge, Chancellor Kathaleen McCormick, previously voided Musk's $56 billion pay agreement but is now being asked to consider the shareholders' reapproval of the plan. Legal experts suggest this unprecedented case could reshape corporate governance rules, with the potential for appeal to the US Supreme Court, amidst concerns that Tesla may not have followed necessary legal protocols to support its argument.
Source: YAHOO