How Elon Musk's war on Delaware could change the way corporations make some of their biggest decisions
Publishing timestamp: 2024-02-14 10:59:48
Summary
The article discusses the Delaware Chancery Court decision to void Elon Musk's $56 billion Tesla pay package and the potential consequences for corporate board composition, CEO pay, and state incorporation decisions. Musk has made decisions to move the legal home of Neuralink to Nevada and hold a shareholder vote to incorporate Tesla in Texas. The article also explores the implications of the court decision on corporate governance and the future of Delaware as the de facto home for big businesses.
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Keywords: board of directors, ceo, business news, elon musk, tesla inc, salary and benefits, executive compensation, courts, corporate governance, delaware, lawsuits,