Del. Chancellor Presses Tesla On Musk Pay Salvage Scheme
By Jeff Montgomery ( August 2, 2024, 9:47 PM EDT) -- Delaware's chancellor pointed Friday to "zero cases under Delaware law" where stockholders were allowed to ratify a corporate act that had been found to be a breach of fiduciary duty, asking an attorney for Tesla Inc. why she should allow the company to use a post-verdict vote to resurrect Elon Musk's $56 billion stock-based compensation plan....
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