Elon Musk’s Delaware fight will rage on even after the Tesla shareholder vote

Tesla shareholders will vote on Thursday on whether to restore the mammoth pay package for chief executive Elon Musk that was struck down by a Delaware judge this year. But that is not expected to close the book on a legal saga that has consumed the electric-car maker and the leading US business law court that dared to defy Musk and his overseers on the company’s board.

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Each side has offered divergent views on what Thursday’s vote will mean in a more practical sense. Should the referendum pass, dissident shareholders could sue again or amend their original case to attack the new pay vote. They could claim paying Musk for past performance is itself a “waste” of corporate resources and yet another breach of fiduciary duty.

Source: Elon Musk’s Delaware fight will rage on even after the Tesla shareholder vote