Quotes
There were undoubtedly a range of healthy amounts that the board could have decided to pay Musk,
McCormick wrote in a 101-page decision Musk cannot ‘unscramble’ the years of work he did to grow Tesla’s value by more than 1400 per cent in reliance on the award, reclaim the nights he slept on the factory floor or unwork the gruelling hours of ‘sheer … pain’ he put in to meet the company’s audacious goals instead of pursuing other career and financial opportunities,
His commentary had a megaphone effect, but the legislation expressly doesn't help him, and we're addressing the deeper concerns from many companies and investors beyond just one person,
Amy Simmerman, a corporate attorney in Delaware, told the committee The controlling stockholder could put their best friend on a committee and negotiate against them, and that's fine, according to their bill,
Any company thinking about leaving, we're actively reaching out, we're talking to them, we're understanding what the issues are and understanding what ways we can do better. And for those entities that have already made the decision to leave, we're going to continue to work hard to earn their trust and hopefully to have them come back."
Delaware Governor Matt Meyer told Business Insider in February Never incorporate your company in the state of Delaware."
Elon Musk wrote on X in January 2024 Elon Musk? Please, please, stop cutting our federal government with a chain saw. Please, preserve Medicaid."
When the host clarified that he meant Musk, Meyer continued This is encouraging. The new governor of Delaware wants what is best for his state."
That counterintuitive result defies settled principles of Delaware law, sound corporate governance, and common sense,
said the opening appeal brief by Musk and the current and former Tesla directors who are defendants in the case
.jpg)
