12/05/2024
Hands off my package
Earlier this week, Delaware judge Kathaleen McCormick rejected Tesla’s attempt to reinstate Elon’s $50 billion pay package, which he was supposed to earn after slashing through sales thresholds at the company like demons in Diablo IV. This is the same woman, you’ll recall, who tried to strike down the pay package in January, before shareholders told her “mind your business wtf,” and voted to hand Musk the money pile anyway. Okay. Friendly reminder, Kath: the only reason your state even exists is because of Delaware’s friendly corporation law. A FIFTH of your revenue is driven by franchise taxes on corporations, over a million of which are incorporated in the state — aka more than the number of people who live there. All of them are following this decision. And you decided to screw a business and its shareholders because you can’t stand Rocket Man? Good luck.
