Elon Musk. Photo credit: Steve Jurvetson via Wikimedia Commons. Tesla Shareholder Wins Challenge to Elon Musk's Tesla Comp Package
Chancellor Kathaleen McCormick concluded Musk was a controller of Tesla under Delaware law, putting the burden of entire fairness on his defense team from Cravath, Swain & Moore and Ross Aronstam & Moritz.
January 30, 2024 at 05:36 PM
3 minute read
Corporate Governance
The original version of this story was published on Delaware Business Court Insider
Tesla must rescind its record-breaking plan for compensating Elon Musk, Chancellor Kathaleen McCormick decided Tuesday afternoon in a first of its kind opinion.
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