The Delaware Supreme Court rules that Elon Musk's 2018 Tesla CEO pay package, worth around $56B when it vested, must be restored, ending a years-long fight
Will his net worth increase? New York Times : Elon Musk's 2018 Tesla Pay Deal Is Restored by Delaware Supreme Court X: Eric W. / @ewess92 : Tesla wins & @elonmusk gets equity. Big win for rule of law, Delaware, and for Musk—Delaware Chancery Court reversed! Delaware used to have predictable courts—home for many corporations. Recent cases cast that into doubt. Now, sanity-restoring pushback from DE Supreme Court [image] Robert Anderson / @profrobanderson : Musk just won the Delaware compensation case on the narrowest possible ground—equitable rescission requirement that defendant be restored to status quo ante. Sawyer Merritt / @sawyermerritt : The Delaware Supreme Court's ruling on Elon Musk's 2018 compensation package: “We reverse the Court of Chancery's rescission remedy and award $1 in nominal damages. The Plaintiff's attorneys are awarded fees and expenses based on quantum meruit and a four times multiplier and [image] Forums: r/law : Musk's $56 billion Tesla pay package must be restored as court rules cancellation was too extreme r/elonmusk : CNBC: Musk's $56 billion Tesla pay package must be restored as <Delaware Supreme> Court rules cancellation was too extreme r/StockMarket : Elon Musk's 2018 Tesla pay package must be restored, Delaware Supreme Court rules r/teslamotors : Elon Musk's 2018 Tesla pay package musk be restored, Delaware supreme court rules r/teslainvestorsclub : Elon Musk's 2018 Tesla pay package musk be restored, Delaware supreme court rules