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

Head to https://brilliant.org/patrick/ to start your free 30-day trial, and the first 200 people get 20% off an annual premium subscription.

A Delaware court this week voided Elon Musk’s $55.8 billion dollar pay deal with Tesla. The voiding of these stock options erases about a quarter of Musk’s current wealth.
The judgement came in response to a shareholder lawsuit launched by Richard Tornetta who owned nine shares in the company. Judge Kathaleen McCormick found Tesla directors, who negotiated the pay package, were "perhaps starry eyed" due to Musk's "superstar appeal" and did not adequately inform shareholders.

Elon Musk announced after the judgement that he would seek to reincorporate Tesla in Texas, a state that he believes could be more hospitable to his way of doing business than Delaware. We’ll dig into whether that would work near the end of the video.

Roger Lowenstein - Origins of the Crash: https://amzn.to/3Ou3OIQ
Common Sense Skeptic on Judgement:    • Musk Loses $55 BILLION  In Delaware D...  

Patrick's Books:
Statistics For The Trading Floor: https://amzn.to/3eerLA0
Derivatives For The Trading Floor: https://amzn.to/3cjsyPF
Corporate Finance: https://amzn.to/3fn3rvC

Ways To Support The Channel
Patreon:   / patrickboyleonfinance  
Buy Me a Coffee: https://www.buymeacoffee.com/patrickb...

Visit our website: https://www.onfinance.org
Follow Patrick on Twitter Here:   / patrickeboyle  

Patrick Boyle On Finance Podcast:
Spotify: https://open.spotify.com/show/7uhrWlD...
Apple: https://podcasts.apple.com/us/podcast...
Google Podcasts: https://tinyurl.com/62862nve

Join this channel to support making this content:
   / @pboyle