Why Elon Musk’s ‘self-driving’ of Tesla’s board and its decision to pay him $56B collided with the law – and what happens next
- Written by Justin P. Klein, Director of the Weinberg Center for Corporate Governance, University of Delaware
Delaware Chancery Court Judge Kathaleen St. Jude McCormick has blocked Elon Musk’s US$55.8 billion pay package, which Tesla’s board of directors approved in 2018 through a process she found to be “deeply flawed.”
No CEO of a publicly traded U.S. company has ever been paid this much for one year’s work, according to...
