Back in January of this year, Kathaleen McCormick of the Delaware Court of Chancery decided that Elon Musk could not be paid the $55 billion he had negotiated as a salary back in 2018. At the time, the plan was to grant Musk stock worth about $2 billion dollars if he met a long series of performance metrics for the company. He eventually met all of those metrics but a small-time stockholder named Richard Tornetta sued. Judge McCormick agreed with him that Musk has undue control over the board members who approved the package.
Tornetta’s lawyers have highlighted the friendships between Musk and many of his board members who created the deal. Some have vacationed together in places like magician David Copperfield’s private island in the Bahamas, where Musk summoned his brother Kimbal and Gracias in 2017 to determine if James Murdoch should join Tesla’s…
