Free Republic

Remember last year when an activist Delaware judge invalidated Elon Musk's compensation package at Tesla--twice--despite it having been overwhelmingly approved by stockholders--twice? The compensation package was unconventional--he wouldn't get paid unless he delivered extraordinary results. He multiplied the value of the company by 10x. Which is shareholders approved the package--he made them extremely wealthy, and they rewarded him by making him even wealthier. He put it all on the line, performed, and the judge took it all away and gave a bunch of it to lawyers. The judge was, by the way, closely tied to the Biden crime family. Delaware,...

Delaware is facing a further exodus of tech companies amid reports that Meta and Dropbox are moving out of the state. Newsweek has contacted Meta and Dropbox for comment via email. Why It Matters Delaware has long been considered a business-friendly state due to its corporate tax advantages, and is home to multiple large companies. However, backlash against the First State has intensified after Delaware Judge Kathaleen McCormick ruled that Tesla CEO Elon Musk's record-breaking $56 billion compensation package was excessive. Musk, who has become increasingly influential in both the political and corporate world, urged companies to pull out of...

A Delaware judge has reaffirmed her ruling that Tesla must revoke Elon Musk’s multibillion-dollar pay package Chancellor Kathaleen St. Jude McCormick on Monday denied a request by attorneys for Musk and Tesla’s corporate directors to vacate her ruling earlier this year requiring the company to rescind the unprecedented pay package. McCormick also rejected an equally unprecedented and massive fee request by plaintiff attorneys, who argued that they were entitled to legal fees in the form of Tesla stock valued at more than $5 billion. The judge said the attorneys were entitled to a fee award of $345 million. The rulings...

A Delaware judge moved Monday to confirm its confiscation of Elon Musk's wealth that he created at Tesla — denying him a compensation package that would be worth over $100 billion in value today. Musk has paid a heavy price for countering woke politics, making X a neutral platform, and backing Donald Trump for president. Delaware Chancellor Judge Kathaleen McCormick on Monday ruled to confirm her January ruling that found Musk was not eligible for a 2018 compensation package then valued at $56 billion. McCormick complained the Tesla package for Musk was the "biggest compensation plan ever — an unfathomable...

Delaware Chancery court judge Kathaleen McCormick has denied Tesla’s request to revise her decision to strike down CEO Elon Musk’s $56 billion pay package — despite shareholders voting at the company’s annual meeting this year to “re-ratify” the deal. McCormick also awarded the plaintiff’s attorneys a $345 million fee — payable in cash or Tesla shares — that is eye-popping but still a fraction of the $5.6 billion those lawyers requested earlier this year. Tesla awarded the compensation package to Musk in 2018, at a time when the electric automaker was in crisis. It laid out a series of stock...