@taskmaster4450le's thread

Tesla's law firm drafts Delaware bill that could salvage Musk pay package

The legislation would amend Delaware General Corporation Law and could pave the way for the reinstatement of Musk's 2018 CEO pay package at Tesla.

A law firm that represents Tesla and Elon Musk has written proposed legislation that would alter Delaware corporate law, according to a person directly familiar with the drafting of the bill who asked to remain unnamed in order to speak about the matter.

The proposed legislation, drafted by Richards, Layton & Finger, or RLF, would amend Delaware General Corporation Law, and if adopted, could pave the way for the reinstatement of Musk's 2018 CEO pay package at Tesla, worth tens of billions of dollars in options.

#tesla #delaware #elonmusk #corporatelaw