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21Oct

Electricity in the Air: Court Decides that Stockholder Ratification Not Enough to Insulate Tesla CEO’s $55.8 Billion Compensation Package from Entire Fairness Review

Dechert LLP | | Return|
The Delaware Chancery Court rejected an attempt by Tesla’s Board of Directors to dismiss a challenge to CEO Elon Musk’s “extraordinary” 2018 compensation package. Because Musk is also Tesla’s controlling stockholder, the Court ruled that his...
By: Dechert LLP
Source Url: https://www.jdsupra.com/legalnews/electricity-in-the-air-court-decides-42367/

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