Should Elon be given total freedom if shareholders consent? That's not how the law works, says Owen A. Lamont in the latest installment of Owenomics.
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The untold story about last week's shareholder votes at TELSA is how Elon Musk went over the heads of the proxy firms straight to the audience that matters most: Telsa's investors. PNT Law Firm Founding Partner Michael Toth tells that story in his latest piece in the Wall Street Journal. Check it out!
Opinion | Elon Musk Foils the Proxy Firms
wsj.com
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In this article, we provide a detailed overview of the Delaware Court of Chancery’s key holdings and reasoning in Tornetta v. Musk, and provide takeaways that should now be considered when contemplating compensation arrangements or other transactions with potentially conflicted controllers.
Practical Lessons for Directors After Court Rescinds Elon Musk's $55.8 Billion Award
bakerbotts.com
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In this article, we provide a detailed overview of the Delaware Court of Chancery’s key holdings and reasoning in Tornetta v. Musk and provide takeaways that should now be considered when contemplating compensation arrangements or other transactions with potentially conflicted controllers.
Practical Lessons for Directors After Court Rescinds Elon Musk’s $55.8 Billion Award
bakerbotts.com
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In this article, we provide a detailed overview of the Delaware Court of Chancery’s key holdings and reasoning in Tornetta v. Musk and provide takeaways that should now be considered when contemplating compensation arrangements or other transactions with potentially conflicted controllers.
Practical Lessons for Directors After Court Rescinds Elon Musk’s $55.8 Billion Award
bakerbotts.com
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In this article, we provide a detailed overview of the Delaware Court of Chancery’s key holdings and reasoning in Tornetta v. Musk and provide takeaways that should now be considered when contemplating compensation arrangements or other transactions with potentially conflicted controllers.
Practical Lessons for Directors After Court Rescinds Elon Musk’s $55.8 Billion Award
bakerbotts.com
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Department Chair - Corporate (Houston) | 2024 LawDragon 500 Leading Dealmakers in America | 2022 NACD Directorship 100
In this article, we provide a detailed overview of the Delaware Court of Chancery’s key holdings and reasoning in Tornetta v. Musk and provide takeaways that should now be considered when contemplating compensation arrangements or other transactions with potentially conflicted controllers.
Practical Lessons for Directors After Court Rescinds Elon Musk’s $55.8 Billion Award
bakerbotts.com
To view or add a comment, sign in
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In this article, we provide a detailed overview of the Delaware Court of Chancery’s key holdings and reasoning in Tornetta v. Musk and provide takeaways that should now be considered when contemplating compensation arrangements or other transactions with potentially conflicted controllers.
Practical Lessons for Directors After Court Rescinds Elon Musk’s $55.8 Billion Award
bakerbotts.com
To view or add a comment, sign in
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In this article, we provide a detailed overview of the Delaware Court of Chancery’s key holdings and reasoning in Tornetta v. Musk and provide takeaways that should now be considered when contemplating compensation arrangements or other transactions with potentially conflicted controllers.
Practical Lessons for Directors After Court Rescinds Elon Musk’s $55.8 Billion Award
bakerbotts.com
To view or add a comment, sign in
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In this article, we provide a detailed overview of the Delaware Court of Chancery’s key holdings and reasoning in Tornetta v. Musk and provide takeaways that should now be considered when contemplating compensation arrangements or other transactions with potentially conflicted controllers.
Practical Lessons for Directors After Court Rescinds Elon Musk’s $55.8 Billion Award
bakerbotts.com
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Tornetta v. Musk is a lesson in Corporate Governance for Superstar CEOs. I list the key takeaways below, but one quote perfectly summarizes the opinion: “the paradigmatic `Superstar CEO’” wielded “the maximum influence that a manager can wield over a company.” The Delaware Court of Chancery defined Superstar CEOs as “individuals who directors, investors, and markets believe make a unique contribution to company value.” Some key takeaways for directors and executives: - A minority stockholder can be a controller; - A stockholder vote cannot immunize the compensation plan if the stockholders are not fully informed; and - Directors’ independence can be compromised by the social, professional and economic ties to a controller. https://lnkd.in/ett_Dp9S #corporatelaw #corporategovernance #ceo #executivecompensation #compensation #corporategovernance #delaware #delawarelaw #elonmusk #tesla #securities #securitieslaw
Tornetta v. Musk: Post-Trial Opinion
https://corpgov.law.harvard.edu
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