3 ms·
The article misrepresents the court's reasoning: the problem is that the board didn't act independently of Musk, thus these consequences. From her judgement:
by dkjaudyeqooe 3y ago
The article misrepresents the court's reasoning: the problem is that the board didn't act independently of Musk, thus these consequences.
From her judgement:
“Musk was the paradigmatic ‘Superstar CEO’ [...] and dominated the process that led to board approval of his compensation plan”
“[Musk] enjoyed thick ties with the directors tasked with negotiating on behalf of Tesla, and dominated the process that led to board approval of his compensation plan”
And as usual, his impulsive and reactionary response will lead to more trouble, not less. As per the article Texas law is less certain and prone to the whims of a variety of judges and juries. He'll invite more lawsuits, not less.