Blogs

With the aim of instructing practitioners on leading and market practices and mitigating concerns about becoming similarly situated, in “It’s Not DE, It’s You: 55 Billion Reasons Tesla is Not ‘Your Company,” Cleary discusses the multiple anomalous and “worst practice” facts and circumstances that resulted in the Delaware Court of Chancery’s decision to void Elon Musk’s $55 billion performance-based stock option package to.

See also “Delaware Court of Chancery Invalidates Elon Musk’s $55.8 Billion Equity Compensation Package” (Gibson Dunn) and “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” (Fast Company) and additional resources on our Compensation Committees and Executive Pay pages.

               This post first appeared in the weekly Society Alert!