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Expert Analysis

Del.'s Tesla Pay Takedown Tells Boards What Not To Do

By Julia Petty, Michael Albano and Erin McKissick ( February 9, 2024, 2:59 PM EST) -- On Jan. 30 in Tornetta v. Elon Musk, the Delaware Court of Chancery struck down the Tesla CEO's $55 billion performance-based stock option package, ruling that Tesla's directors did not satisfy the stringent "entire fairness" standard in approving his compensation....

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