The ruling against Musk’s $55 billion compensation sets a bad precedent
A cornerstone of any performance pay plan is trust, specifically the assurance that conditions and expectations won’t change after the fact. But Delaware Chancery Court Chief Judge Kathaleen St. J. McCormick appears to challenge this principle in her 200-page ruling.
https://thehill.com/opinion/finance/4461841-the-ruling-against-musks-55-billion-compensation-sets-a-bad-precedent/Open linkView original on lemmy.world-27
Comments4
Is a pre-req for subbing here that one's jaw unhinge? I can't imagine how so much corporate dick would fit down your throats otherwise.
Dude, that's too fucking good.
Aww, did the media tell you Tesla was bad? You're too old to keep swallowing that whole aren't ya? (checks profile) ...nvm
I'm assuming The Hill is learning the wrong lesson but I'm not clicking the link. It sets a wonderful precedent - loading the board with your cronies won't get you your way if you get greedy.