Elon Musk Pay Deal Voided - Should Tesla Reincorporate in Texas?

"it’s likely that the company will need new independent directors who can be seen to represent shareholder interests and provide oversight of the management of the company, rather than representing Musk’s interests alone."

"it seems likely that any replacement pay deal might be a lot lower than the contract being replaced, and it might also include provisions requiring Musk to devote more of his time to managing Tesla rather than his other business interests."

"he won’t likely lose the full 55.8 billion dollars as the board is likely to come up with a new pay package for him that meets the legal requirements"

"Any new pay package, that is negotiated by a competent board, might require Musk to spend more time at Tesla rather than on his other business interests, and that is likely to make Tesla investors happy."

"the lawyers who won this case may end up taking as much as 19 billion dollars of the investors winnings as a fee – which would be by far the highest fee ever awarded to plaintiffs’ lawyers in the Delaware chancery court history."

"a payout that large being approved is unlikely."

"Whatever the size of the payout, it is likely to set a new record."