The American Prospect
•US Politics
US Politics
Why Are Delaware Democrats Trying to Give Elon Musk $55 Billion?
68% Informative
Elon Musk has been losing repeatedly in Delaware Chancery Court over a proposed pay package for himself worth an estimated $55 billion .
Musk responded by moving Tesla ’s headquarters from Delaware to Texas to try to get his cash.
David Frum : Elon Musk's own lawyers drew up a sweeping reform to state law that would weaken protections and powers for small investors.
Elon Musk's pay package is more than two orders of magnitude larger than the already-bloated previous record.
Elon Musk has been losing in Delaware court because the package violates the board’s fiduciary duty.
Elon says it's outrageous to pay the CEO far more money than the entire company has ever made profit in its existence.
VR Score
67
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63
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19
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English
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