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There has been a silly amount of play in the tend - up toTesla‘s yearly stockholder merging on Thursday . The caller is specify to concord a suffrage on “ re - sign ” the $ 56 billion compensation software package awarded to Elon Musk in 2018 , which wasstruck downby a Delaware Chancery Court judge before this year . It will also hold a vote whether the company will change the emplacement where it is incorporated from Delaware to Texas .
Some of Tesla ’s biggest booster are calling on the company ’s “ retail regular army ” of shareholders to vote in favor of both , but with particular focal point on Musk ’s compensation . It ’s not clear whattangible impactthe outcome of either vote will have . But Tesla executive director and employee — including some who basically never send on societal medium — are simply beg for votes .
Across the dyspneic longform stake , Spaces audio meetings , podcasts and myriad other outcry to action , the focus has been prepare on the idea that Musk is owed this recompense because he hit the targets harmonise to at the starting time . “ A hand is a deal , ” Teslapostedto its chief operating officer ’s societal medium platform X.
Yet , almost no one is talk over the substance of chancellor Kathaleen McCormick ’s January opinion and its dominant theme : Musk holds so much sway over Tesla and its circuit card of directors that there was no substantial negotiation when the company hammered out this bargain with him in 2017 - 2018 .
Instead , there have been charge from the Tesla fold of her being a “ radical activist evaluator ” — accusal that are easy defanged as you read through her interrogatory of the evidence of the case .
So , some homework then ! To the Tesla fans , haters , shareowner and rubbernecker , here it is again , embedded below . McCormick ’s 201 - Sir Frederick Handley Page opinion is a thorough but perspicuous read . It ’s deserving brushing up on it again before the vote takes place . At the very least , it ’s a primer for the legal battles that are sure to proceed after Thursday ’s vote .
Tornetta v. Musk Post - Trial OpinionbySean O’Kaneon Scribd
