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The ruling against Musk’s $55 billion compensation sets a bad precedent

https://thehill.com/opinion/finance/4461841-the-ruling-against-musks-55-billion-compensation-sets-a-bad-precedent/

The potential fallout might compromise the efficacy of performance pay plans, which are integral for aligning employees’ incentives with organizational goals.

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.

4 comments

littlebluespark

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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.

southsamurai

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Dude, that's too fucking good.

Bell

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Aww, did the media tell you Tesla was bad? You're too old to keep swallowing that whole aren't ya? (checks profile) ...nvm

dynamojoe

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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.