Elon Musk's more than $50 billion pay deal at Tesla was rejected
again. Here is why

A judge has again rejected a more than $50 billion compensation
package for Tesla CEO Elon Musk, granting a victory to the shareholder
who opposed the pay amount.

In a ruling on Monday, Delaware Court of Chancery Chancellor Kathaleen McCormick said Musk and his attorneys had "no procedural ground for
flipping" her previous decision in January that struck down his pay
package.

https://www.npr.org/2024/12/03/nx-s1-5214484/elon-musk-tesla-compensation

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On Tue, 3 Dec 2024, JAB wrote:

Elon Musk's more than $50 billion pay deal at Tesla was rejected
again. Here is why

A judge has again rejected a more than $50 billion compensation
package for Tesla CEO Elon Musk, granting a victory to the shareholder
who opposed the pay amount.

In a ruling on Monday, Delaware Court of Chancery Chancellor Kathaleen McCormick said Musk and his attorneys had "no procedural ground for
flipping" her previous decision in January that struck down his pay
package.

https://www.npr.org/2024/12/03/nx-s1-5214484/elon-musk-tesla-compensation

Can't he just appeal it to the highest court, where now the majority of penguins are conservative?

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On Wed, 4 Dec 2024 11:24:07 +0100, D <[email protected]> wrote:

Can't he just appeal it to the highest court, where now the majority of >penguins are conservative?

A Delaware state court is being used, and I'm not aware of a federal
hook so federal judges could take a gander at this case. He could
appeal to Delaware's Supreme Court.


Delaware Court of Chancery - The Court of Chancery has jurisdiction to
hear all matters relating to equity. The litigation in this tribunal
deals largely with corporate issues, trusts, estates, other fiduciary
matters, disputes involving the purchase of land and questions of
title to real estate as well as commercial and contractual matters. https://courts.delaware.gov/overview.aspx

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JAB <[email protected]d> writes:

On Wed, 4 Dec 2024 11:24:07 +0100, D <[email protected]> wrote:

Can't he just appeal it to the highest court, where now the majority of >>penguins are conservative?

A Delaware state court is being used, and I'm not aware of a federal
hook so federal judges could take a gander at this case. He could
appeal to Delaware's Supreme Court.

Delaware Court of Chancery - The Court of Chancery has jurisdiction to
hear all matters relating to equity. The litigation in this tribunal
deals largely with corporate issues, trusts, estates, other fiduciary matters, disputes involving the purchase of land and questions of
title to real estate as well as commercial and contractual matters. https://courts.delaware.gov/overview.aspx

It's famous especially as the court that gets into a lot of corporate governance stuff, if you chose to incorporate in Delaware (like many big firms).

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On Sat, 07 Dec 24 15:37:24 UTC, "W. Greenhouse"
<[email protected]> wrote:

It's famous especially as the court that gets into a lot of corporate >governance stuff, if you chose to incorporate in Delaware (like many big >firms).

AI Overview

Delaware is considered a tax haven and is attractive to financial
companies due to its light taxation and business-friendly usury laws.

Delaware offers several tax benefits for businesses, including:

No state income tax for out-of-state companies: Delaware does not
collect corporate taxes from companies that are formed in Delaware but
do not conduct business in the state.

No state sales tax: Delaware does not have a state sales tax.
Low franchise tax for small businesses: Delaware has a low franchise
tax for small businesses.

No tax on royalty payments or intangible assets: Delaware does not tax
royalty payments or other intangible assets to business owners.

No tax on stock shares owned by out-of-state people: Delaware does not
tax stock shares owned by people outside of Delaware.

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