Tulane Law professor Ann Lipton on Elon Musk's pay package, legal impact of Tesla's move to Texas
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- Опубликовано: 7 сен 2024
- Ann Lipton, Tulane Law professor, joins 'Squawk Box' to discuss the fallout from a Delaware judge's ruling invalidating Elon Musk's $56 billion pay package, the legal implications of Tesla's move from Delaware to Texas, and more.
Imagine saying “can’t trust the shareholders” what kinda democracy is that?
Thinking that US is a democracy now is naive.
There are only shadows of democracy left.
The same kind that elected Kim Jong Ill the Supreme leader of NK.
A Democrat ran one.
The democracy that elects an idiotic dictator like Donald Trump
This is exactly why we should have kings or queens to run our country. One person always knows better than the mass.
Move to Texas. He earned it, pay this man his money. Unbelievable.
He lied to shareholders
@@henryslatt9041
About what?
I've been a long term shareholder. The deal was that if Elon creates huge shareholder value, he gets paid. He delivered.
At least 9,999 out of 10,000 CEO's would have failed. And I'm being generous with my odds.
I am a shareholder and I highly favored the compensation plan. This is outrageous government intervention.
So Elon can just cook the books, raid the companies bank account for his own personal use? That's a world without Government intervention.
Maybe because you were given misleading information??
@@badpuppy3 How exactly do you "cook the books" on a company that is traded publicly and sells physical goods? You don't just say you sold 5 million cars since this deal was voted on by us. The most popular car in the world by volume is the Tesla Model Y, and the margins are over 17% on that.
You are only lying because you hate Elon. Your statement is devoid of facts or logic.
@@henryslatt9041 Production and deliveries were met, valuation goals were met. Those were the criteria for the agreement and we made 10x returns. Not only didn't Musk lie about anything he pulled this off early and even delivered Model Y earlier than predicted. If only we had a deal like this for Cybertruck...
I made lots of money, he deserves to be paid. You don't like him for some political BS reason which is why all you can do is lie.
@@badpuppy3No. You are clearly a Marxist. Government intervention as a rule is a hindrance. Government needs to focus on delivering those services that society deems are best delivered collectively. Principally defense and securing borders. It should keep the hell out of other matters. Interesting that the more US government pokes it nanny state nose into business and extends it's authoritarian power, the less it seems to exercise it's basic responsibilities of defending sovereignty!
So shareholders have no right for their own opinion
Not any more.
Shareholders opinion isn't above the law
@@badpuppy3so they broke the law by voting? Lmao
@@badpuppy3 What law is that? The law that says only people with tiny hats have the right to make lots of money? Because that's what it looks to me.
@@NotYourBusiness-bp2qn Very true, if Musk was one of those this would not have happened.
Harvard educated lawyer knows best. She will make the decision for all us peasants. Now unprecedented big payday coming to the lawyers who saved us 55 billion because we needed to be saved because we were ignorant children.
👏
I still think Elon should get his Pay Package: It's his money!! Elon work hard for it.👍💕💙💕🚀
Glad you agree. You are ignorant children.
Yes. I mean sure, everyone knows the board of Tesla is friends with Elon but hey, shareholders are not everyone. They are children that don't know what's best for them. 10x stock price increase is not what's best for them. A new CEO that will bring the joys of diversity inclusion and equity is what is best for them.
The magnanimous judge has spoken. The jewish parasite ambulance chasers that brought this unexpected gift for the dumb children will be rewarded with 20 billion dollars. I mean sure, Elon did not deserve 55 billion. But the jew lawyers certainly do. Inequality is a blight on human kind that needs to be rooted out but not in the case of the chosen people. They are excluded.
The court made the decision. An expert, well respected chancery judge. It was an easy application of Delaware law. Clear fiduciary violation.
The fact that he already had lots of money is wholly irrelevant.
Soon as she said he already has lots of money.....shows clear bias.....game over.
Exactly !
💯
Yeah, the whole thing burns. Just the fact they are asking a professor who we know what ide she leans on, and I wonder if she has ties with Israel who Musk insulted.
Don't forget that Elon's pay package came in tranches that each had BOTH a market-cap requirement, and a company revenue requirement. These requirements were so high at the time, most people did not think it was possible. Most C-suite pay packages are NOT like this. Sundar Pichai, for example, gets paid in 3-year increments his $225M per year regardless of whether the company does well or not. Yes that's way less than Elon's $55B but at least Elon was only going to get paid because TSLA exceeded $650B in market cap & the revenue requirement that came with it. His comp was actually tied to shareholder value, which is how it should be.
Exactly !
Show me an investor that is not willing to pay 10% for 10X on investment !!!
Shareholders are not STUPID as the judge implied!
The fact that the stock took a dive upon the court's decision clearly shows that is was NOT in the interest of the shareholders !
@@PStar42 Yeah if it didn't 10X, he wouldn't have gotten paid. So it makes sense to me why investors accepted the deal lol
As a shareholder, I am mad as hell at this judge for deciding I can't use my intelligence and decide for myself what the consequences are for the pay package.
So you actually and knowingly approved a pay package of 56 billion? Wow.
Musk would get nothing if he failed. He got 55 billion because we got a 10x return. You would rather him pay himself if he failed like other CEOs than get rewarded for success because you are stupid and dont understand motivation.
You can't use your intelligence because you are stupid.
As a shareholder, I’m mad Elon lied to us and I don’t think he deserves his compensation
@@henryslatt9041"lied to us" about what exactly. Everything goal in this package was fulfilled both on deliveries and valuation targets. Nothing in this package was a lie, and I'm convinced you don't even know what this case was about. I'm also pretty sure you don't own shares in TSLA with a response like that. I made over 10x returns and Elon got paid. Not only was it fair, but while he was 10X-ing the company GM investors made basically less money than investing in bonds over the same period. Their CEO's get a cushy salary and regular bonuses for literally nothing. Elon just got nothing for pulling off a miracle.
what a disgrace of a state, glad they are leaving Delaware
What a disgrace of a channel
They have the most corporate friendly laws in the country. The Tesla board is a joke.
Tesla's directors are ridiculous.
@bobbybishop5662 are you a shareholder?? Have you researched the business?? I think you just support the latest Elon bad thing!!
@@markthomas7279 Hell no , I cashed in in Nov 21 , made 800k on a 60 k investment. You guys are getting the leftovers.
The blatant and wild corruption demonstrated by the court of Delaware has gone too far. Now it's time for their jurisdiction to pay the price.
Never incorporate in the state of Delaware.
The owners of your company have no say in the matters of the business, the court of Delaware does.
Musk fanboys are so weird man
Sheep says BAAAAAAA!
you must be joking right? there is a reason that almost all companies are incorporated in DE....hint, it's not because of the 'reason' you state....quite the contrary
😂😂😂 love how the courts are corrupt only when they rule in ways that you disagree with..
Poor Elon cult member is very mad. lol
A performance based package should not be changed after the CEO meets the goal. This is a politically motivated decision.
Yeah if this was invalidated in 2018, you’d have a much better case.
Explain how retroactively invalidating this make his case weaker. Musk's success in pulling off a nearly impossible goal in an unthinkable time frame is proof he deserves what I voted for. He 10x my investments and now we may have to pay 7 billion dollars to a team of lawyers thanks to a Judge who just so happened to Force Musk to pay full price for twitter after he discovered twitter was defrauding advertisers and the SEC with fake engagement. Her argument then was just because you were not informed of this doesn't invalidate your previous agreement.
This would be like saying you'll buy a ring at a jewelry store that says "diamond" then seeing its glass and a judge determines you weren't scammed.
The judge followed Deleware laws , get over it.
Dems = Corrupt. Everyone sees it, so get over it.
The Government should not be involved in a company owned by Shareholders
Just like Enron? Just like Bear Sterns and Lehmann Brothers? Lack of Government oversight nearly collapsed our entire economy.
Government owes 34 trillion in debt from wasteful spending. Don't think they are the people to look to for oversight. @@badpuppy3
Phoney arguements, the board and the shareholders voted for this, the judge is wrong.
Elon lied to shareholders
@@henryslatt9041 Repeating a lie 1000 times won't make it true. Elon fulfilled all requirements of the package and earned the nearly impossible payout. CNBC said it couldn't be done and couldn't be gamed at the time.
@@syspowertools3372 the compensation committee was not independent, therefore shareholders were misled
Then ask the shareholders again..Lol you are joke.@@henryslatt9041
@@henryslatt9041Is her opinion. It's not a fact. There no absolutes in this and certainly no precedent.
I really appreciate Sorkin not taking what this professor asserts at face value; especially in light of her advocacy of having a judge cavalierly veto the Board and the shareholder vote. This decision was a raw, unfettered act of judicial power that should not be countenanced. The Board was too influenced by Elon? Since when was a superstar CEO's board not heavily influenced by its CEO? The professor could not be more wrong here.
@wineattorneys Sorkin got to the heart of the issue and the professor didn't have credible responses in my book.
What the judge didn't say in her decision, is how important any omissions would have made on the shareholders view of the package, would they really think differently if the board had a different composition? There is a saying that no deal is perfectly written, and that omissions have to be material, to cancel a contract. In other words, if the board wasn't Elon's friends and/or associates, would the shareholders have voted differently. Let's also note that this issue has been brought up in other trials before in Delaware as the Judge noted and they didn't see the problems this judge did. More importantly, if you read the decision, the Judge is quite personal and to a certain degree inappropriate in her position she really does insert herself into this conflict.
As a Tesla shareholder I feel like I was misled, Elon shouldn’t receive the 55 billion
@@henryslatt9041 In what way were you misled?? I would love to hear this one!!! The package was there to be read by all, so if you were misled? Everyone knew what was in the package, because it was a public document, so how as the package misleading?? Elon will get his $55 Billion package, you heard it hear first, either on appeal or another shareholder vote. I feel sorry for those shareholders that are not able to read and understand compensation documents... maybe they shouldn't be shareholders.
Even if you were misled and I'm highly skeptical of that..... Elon's leadership returned a 1200% return on investment...so even if you were misled, there are no damages... not in the slightest. This ruling will cost Tesla shareholders a lot more than what Elon is paid.... that is for sure.
@@tonespeaks I was told that the compensation package was negotiated by an independent party, not Kimbal Musk.
@@henryslatt9041 I'm a shareholder and I was never told that. Plus is it really material to the composition of the package who created it?? Here is a question for you, what if Elon Musk created the package and presented it to Shareholders for a vote, would that be ok??
I’m a Tesla shareholder. Are the courts telling us how to judge companies now? We get votes based on how invested we are in the company. It’s our job to know how a company is run and that includes the pay of the top executives. This judge thinks she is some superhero based on some of the excerpts in her ruling. Wacko
Exactly
73% of shares voted for the compensation
compensation package was 10%
shareholders made 10X
HOW can the judge claim that was a bad/uninformed decision !!!
Judge knows more about business than you. He'd be running a Fortune 500 company if he wanted, just doesn't want to. People are dumb, he is smart. We can't have companies and shareholders making decisions without random government employees having veto power. Problem is how can the shareholders prove to him they are making a good decision, how can they show they are grown ups? The judge needs to issue a statement about what the shareholders can do to appease him and show they are sentient creatures. @@PStar42
The shareholders of Tesla have the final say. As a shareholder if you don’t like the way the companies being run, you can sell your damn shares. Having a judge overturn your decision is like the the United Nations overturning an American election for whatever American citizens may have voted for. This is damn disconcerting. Now we’re going to have judges over turning shareholder votes on how to run a company. Really!
Stupid explanation. The shareholders by a large majority approved the stock grant. The court should but out.
Shareholders were lied to by Elon when he said his compensation package was negotiated by an independent party. Turns out that independent party was his brother. Elon should go to jail
The shareholders only have to prove that the judges ruling affected the stock price in a very negative way causing financial losses to them and they have a good case. You cant invalidate or assume that the majority of shareholders did not know what they voted for regarding the pay package....based on 1 person with 9 shares. I mean for any good lawyer this is a slam dunk case in favor of the company and shareholders against this judge and the state of Delaware.
You are wrong… you can’t mislead shareholders with a false proxy statement and expect them to make a proper decision. To me it is very clear that the board was not independent which is what this case all comes down to.
@@henryslatt9041 What proof do you have the board was not independent?
That arrogant judge should be penalized for destroying shareholder value
How about the corrupted judge in Delaware asks Tesla to reach every single shareholder and ask them if the compensation package was unfair to them
One human, that being the Judge should not be able to decide. Move to Texas.
But one human, Elon Musk, can decide?
The shareholders decided. And he made the shareholders a great deal richer for it. That was the deal. The judge wasn't asked his opinion on that deal at the time, because why would you ask a judge how to run a business.@@badpuppy3
She speaks like the courts innovated Tesla..and they have the right to make such decisions...Musk accomplished all the goals for the company!! Pay the man..
Andrew said it well: people forgot what a market is. The judge and the professor: yes it is a market as long as I think it’s fair.
They should recind both of your pay packages. See how fair you think it is.
This is moving from a vote( democracy) of the stake holders to a political decision , once you make a deal and you hive your word you can not take it back
The only issue is Elon lied to shareholders
What lie? Judge didn't say he lied, he said the shareholders were too dumb to make the decision they made. @@henryslatt9041
I am an investor in TSLA and this woman is an insult to my person, to capitalism, to freedom
Awh so sad.
If Elon leaves Tesla shareholders are screwed!
She did great for a handful of shareholders that probably own 5 shares!
If elon leaves, maybe then we'll have a tim cooke figurehead that doesn't say crazy stuff.
Elon Musk leaving Tesla would be the best thing for Tesla.
@@badpuppy3 You know nothing about either of the proper nouns you just used. This is exactly why you will own nothing.
@@HealthandWealth-2024 Tim cook was not an improvement to the aggressive borderline mad genius he replaced. The only reason Jobs crazy brutal outbursts and on the spot firings weren't known was because the lack of social media.
Musk is a less artistic, but more visionary version of Jobs and SpaceX proves it's not his un-matched drive.
@@HealthandWealth-2024it's not what he says, it's what he does. And btw, I for one stand for his right to say what the feck he wants to say. I here controversial opinion that counter the state narrative. But I don't here anything crazy or unusual. Just things that were taken for granted 15 mins ago!! Like the child gender medical interventions issues. These are things to stand by.
Now everyone understands why Elon Musk will never allow his other Companies to go Public. It will prevent morons from telling him what to do.
are you sure he’s just not leaving because of Biden?
No one in this debate knows the board situation. It is just speculation. What is not speculation is that Tesla is by far the most profitable auto business, and the only one capable of competing with the Chinese. Its strategy was laid out in the 2000s by Musk and has been implemented assiduously despite ridicule and doubt from commentators Now you are asking me to believe that this astonishing achievment has been delivered within a decade by a drug riddled CEO and an incompetent board. So I am calling you for BS. This is a formidable business delivering on its growth goals. Extraordinary results achieved against an epically challenging rewards package. I don't believe any seasoned share holders are complaining. We just want more!! Could it be that this bizzare stream of bile and state complicity is driven by Musks purchase of Twitter and the subsequent revealations of state inteference and censorship. The rise of opposition has been palpable from the moment Musk offered on Twitter. Coincidence... i think not!!
💯
Tesla was number 11 by revenue so not quite the most profitable yet. If you are a Tesla share holder then the ruling in your best interests as it prevents the dilution of outstanding stock preserving your share of the company. If you believe this would risk Musk leaving the company and that would destroy it then Tesla was either a house of cards assembled by one man only or the product and brand are sound and you have nothing to fear, as Microsoft with and without Bill Gates.
Yes, I think you are right. This is lawfare against Musk punishment for buying Twitter and restoring freedom of speech. The Dems want absolute control of the media once again.
Revenue and profitability are not same. And nothing to do with growth.
Thanks ARS!
I take that backL. I LOVE you for being authentic ARW
Just because Elon owns share he can't get compensated?
So cant rrust millions of share holders vote but can trust one persons lawsuit? What a joke
The judge doesn’t question the fairness of the boards decision until it finds a breach of fiduciary duty. If the board had done its job the court would have blessed this.
That's true. But there are no absolute here. The decision had no precedent as she stated as she licked the cream from her chops. There is nothing definitive here. It is an opinion, and one that is right on the very tippy toppy edge of her remit. It is in fact, gratuitous activism. Regrettably legal and within her power but activism never the less.
All Tesla shareholders are dumbasses?? Seriously?
Any large corporations need to move Corporate Charter Out of Delaware! Any one seeking corporation should incorporate somewhere other than Delaware! Delaware is No Longer Corporate Friendly!
Judge is a hater that's all. No one else could have done this
Great job Andrew!
Why have a guest if you are going to just keep interrupting her?
Delaware judge is above company board and shareholders. It's great to know.
Delaware LAW is. Not the judge
wasn't the judge a member of the firm representing the person owning 9 shares that is suing. That looks like an awful conflict to me
@@badpuppy3 The judge is interpreting the law here. Clearly shareholders were in favor of the compensation package as Elon doesn’t get paid unless the company’s total capitalization exceeds 600 billion. When this package was originally put together exceeding 600 billion seemed unlikely. But if he could somehow do it, he should be appropriately rewarded.
There a lot of shareholders who would like to have an executive with this kind of performance and would be happy to pay him for such.
Every time I run into anyone who is incorporated in Delaware, I now call them stupid to their face. This kind of peer pressure can work, as Delaware is now making networking harder for people with ties to Delaware.
Elon Mask has been rich, so he doesn't need the payment package. Wow, our law professor nailed it!
Elon needs the money earned to fund his going to Mars and establish a colony of a million people from Earth! Big set back for Musk!😂
🤡 Professor 🤡
She should have said Board and share holders. Share holders knew what they were doing at that time. Fast forward 6 years, and three law firms got together and found one tesla share holder with 9 tesla shares, and paid him $10k to bring on a class action lawsuit over Musk’s pay package. Yes, a class action lawsuit of 1 share holder. I thought a class action lawsuits involved more than one plaintiff. So these law firms will make billions in fees. Something smells fishy here. 😂
Pay Elon Musk
Dem judges
"can't trust the judgement of the shareholders...." that is a very dangerous precedent if upheld.
I think the judges compensation is unnecessary. I’m sure she already has a house and a husband bringing in a second income.
This is because he spoke out against the group raging a war in gaza.
The Delaware judge put Tesla, Elon, and the shareholders in an impossible situation.
That should be obvious to everyone.
We now don't know 8f Elon can be compensated for what he accomplished. We don't know if a new compensation package can hold, or if some judge will null it.
We don't know if Elon can stay at Tesla, or get paid.
The judge seem to think he should stay there without compensation.
I don't th8nk he will, even if he would like to!
The Delaware judge was an idiot, but I guess that ruling will be reversed, after having done much damage.
This lady on the call is terrible, you seriously cant find someone else to provide going forward solutions...she provided no value or answers or possible solutions.
Cocaine is a hell of a drug.
This is the rare interview where I hear Delaware law, policy, and precedent articulated well and accurately.
I respect this guys approach
She totally embarrassed herself at the end. One of the true elite lioking after the elite!!
This didn't age well so quickly
Does CNBC have any one person that's not a clown . This guy is super clown.
Elon Musk's denial of his Tesla proposal may seem like a just punishment for the wealthy. However, Musk is known for using his excess funds to expand his empire and create thousands of jobs. In essence, this court ruling could potentially deprive thousands of individuals of employment opportunities.
It's literally 5 percent or the total evaluation this is common the judge is stupid
Tesla would be better off if Elon had 100% tbh
It is incredibly to have to listen to that kind of reasoning and counterbalancing, those of an infant or uneducated people. Even after studying for so long to supposedly understand the system. To void a decision such as the one taken by the board, even if there had been reasons to understand someone acted without sufficient basis, should have required identifying wrongdoers and the those damaged by these actions. No system was thought to void actions ex post and even less to create uncertainty and value destruction towards good faith actors. All of it in a context where a situation is artificially created bt the badly applicated wrong rules of a system that seems to favor the ruling and not the ruled ones.
How rich, or what level of stock Musk had at the time of the pay plan approval is irreverent. It is did the almost impossible goals he need to reach worth, to the shareholders, appropriate. The clear and simple answer is yes... Would the government please quite helping us shareholders, we don't need it.
Tesla workers, ask for 50 billion!
lol AARON IS LOSING HIS D_AMN MIND WITH THIS ONE.
What part about the "judge's" so called decision wasn't her screaming textually "look at me, I slayed the dragon"?
I totally agree with the professor. This was a straightforward application of Delaware law.
you are a joke.
as usual CNBS
I don't see how moving to Texas is really to benefit of shareholders. Delaware courts are still most business friendly and Texas is untested. Jury trials for disputes will add a lot more uncertainty and lengthy delays to normal lawsuits. This will create a lot more problems then it will solve. The simpler answer is to get a more independent board.
The move is for Musk, not shareholders.
The Board is incestuous and corrupt.
No one in this debate knows the board situation. It is just speculation. What is not speculation is that Tesla is by far the most profitable auto business, and the only one capable of competing with the Chinese. Its strategy was laid out in the 2000s by Musk and has been implemented assiduously despite ridicule and doubt from commentators Now you are asking me to believe that this astonishing achievment has been delivered within a decade by a drug riddled CEO and an incompetent board. So I am calling you for BS. This is a formidable business delivering on its growth goals. Extraordinary results achieved against an epically challenging rewards package. I don't believe any seasoned share holders are complaining. We just want more!!
Tesla now has to pay billions in fines to the corrupt court of Delaware due to an activist judge.
Shareholder's rights and privileges are not being observed by the court of Delaware. An untested state is likely more advantageous to the business.
@@markthomas7279 BS , Elon's influence over the board has been obvious if your paying attention fanboy.
@@markthomas7279 It's not BS. I don't doubt Musk is capable and FWIW I am a shareholder. That said there are a lot of concerns in particular how Musk is splitting is his time among multiple companies and how he is creating more noise in non work activities then he needs too. My preference would be either for Musk to focus more time on Tesla or change current governance a bit. Tesla needs to focus as BYD is being more competitive and X/Y have lost some luster to other high end EVs. I also am disappointed how Tesla is not competing enough with BYD in emerging markets in particular Latin America.
Man CNBC need to stfu when they call someone, let the professor talk!!!! Background mumbling, constant interruptions, then why call her?
Ya , he's about as unprofessional as it gets. The guys a clown.
Wait I know the answer to that question... YES I believe that enough shareholders are "sheep" enough to not know what's in their best interest especially when they are told the truth.
...."when they are NOT told the truth".
So you need super judges to rescue them? 😅 I's this the idea of dictator?
We knew every detail about ever aspect of the business. 1/3 of Tesla shareholders own a Tesla and almost half have visited the factories.
We are objectively the most informed group on any stock in history. And yes I voted in favor of this package which 10x'd my share value.
@@syspowertools3372indeed we did and still do. We do not need rescuing!!
And you too are part of the reason your state is a looser state now you’re gonna loose his company so how smart was that ?
Associate professor.
Just heard he is funding a lawsuit for a woman that was fired by disney for a tv show or movie...if musk is going to bat with Disney i cant imagine him not having the idea of a theme park on his mind...sounds like hes already going at it with what qould be his competitors if he were to develop cyberland theme park
Garth, we're in Deleware.
CNBC cherry picked this commentator. If the board is not independent it aint your job to contradict the stockholders. When you jacoffs can land rockets and make EVs in your sleep, make robots and AI while starting a half dozen bleeding edge initiatives, then maybe you can say he did not earn it bc you would be able to replace him tomorrow😅😅😅😅😅
move to texas he might pay cheaper taxes
So what happens to the shareholders that did vote for the compensation. Will there be an additional vote?
Judge ruled them incompetent to make their own decisions. So what does it matter if there is a vote, they are legally mentally deficient. It's up to this judge to run the company and represent the shareholders.
Loading the EV sector Feb Dips. ? TSLA... Tesla....FSR.. Fisker with 300 % Increase in deliveries in 3rd qt 2023... Xos Trucks.. Polestar...VEV ... Vicinity Motors...RIVN... Rivian or others for Long-term Future Gains..?
the one year chart is interesting because it is such a text book technical failure with lower highs and lower lows; musk is off the rails, it seems like his ego and sense of entitlement just keep ratcheting up.
That is one smart, articulate woman, nice argument
Sarcasm much
Andrew was rude
Solution: Disband the board
Chief Judge McCormick took $56 billion away from Musk! Simple as that! Wonder what the Plaintiff’s law firm award will be since Delaware law, they can get 1/3 of the award or up to $19 billion for 5 day hearing.😂
From all the law professors on the air keep saying the appeal to Delaware Supreme Court will fail!😂
@HW2800 Law Professors are not Judges, they are professors, there is a difference. There is also a saying in Law, that a ruling should have the appearance of justice, as well as be just. I'm not sure this ruling has either. The professor in this case, only highlighted the Judge's ruling not argue the facts. Judges do make mistakes and that is why they can and have been overturned. One of the things the Law Professors didn't note is that this is a contract between the shareholders (Tesla) and Elon, there has to be a fundamental flaw in the contract, for it to be overturned. How big a factor is the Board's involvement in the shareholder's decision.
Dem judges