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Elon Musk's battle over his Tesla pay is entering a new phase. A Delaware judge ruled on Monday that Tesla's shareholder vote wasn't enough to pass Elon Musk's $55 billion compensation package. One issue that may come up is whether Musk influenced the negotiations over his Tesla pay package, as the trial judge suggested in her initial ruling, he said. Given that Musk's pay package was set to be the largest ever for a CEO, there aren't many cases to turn to for direct precedent. "When you know Delaware law, you know that stuff like that is just not going to fly," Alon-Beck said.
Persons: Elon, Elon Musk's, Tesla, Kathaleen St, J . McCormick, Mathieu Shapiro, Obermayer's, Shapiro, Musk, " Shapiro, Anat Alon, Beck, Mark Zuckerberg's, Alon, Zuckerberg, Dorothy Lund, Lund, hasn't, Elon Musk, Robyn Denholm Organizations: Elon Musk's, Case Western Reserve University, Instagram, Delaware Supreme Locations: Delaware, Texas, Columbia
Photo: McDonald’sThe ruling by Vice Chancellor Laster focuses on the claims against Mr. Fairhurst specifically. At the time of his termination, Mr. Fairhurst had been the subject of multiple reports of sexual harassment during his tenure, according to the Delaware ruling. Emerging oversight liabilityThe legal doctrine driving the McDonald’s shareholder lawsuit extends back to a 1996 Delaware Court of Chancery decision. The ultimate impact of Judge Laster’s ruling vis-à-vis McDonald’s shareholders is as of yet unclear. If the judge approves the McDonald’s directors’ motion to dismiss, the claims against Mr. Fairhurst would be moot.
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