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Elon Musk and the elusive $56 billion package: A corporate governance commentary

On 30th January 2024, the Court of Chancery of the State of Delaware delivered a 200-page post-trial opinion, in a stockholder derivative action, Tornetta v Musk, invalidating Elon Musk’s $56 billion performance-based equity compensation plan at Tesla, Inc. In an immediate reaction, Musk posted on X thus: “Never incorporate your company in…

Opinion

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