Here's How Elon Musk's $56B Executive Comp Loss Could Reverberate
Shortly after Chancellor Kathaleen St. J. McCormick issued her post-trial opinion finding Elon Musk's $56 billion compensation agreement with Tesla should be rescinded, Musk posted one possible takeaway: "Never incorporate your company in the state of Delaware."
January 31, 2024 at 03:13 PM
5 minute read
Corporate GovernanceThe original version of this story was published on Delaware Business Court Insider
Shortly after Chancellor Kathaleen St. J. McCormick issued her post-trial opinion finding Elon Musk's $56 billion compensation agreement with Tesla should be rescinded, Musk posted on his X (formerly Twitter) app one possible takeaway: "Never incorporate your company in the state of Delaware."
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