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Elon’s Legal Options & Byron’s Edge

Notes from the legal bar, in Wilmington and Washington, on Musk’s latest board entanglement and Byron Allen’s political play for Paramount.

elon musk
The question now isn’t whether Elon Musk punches back, but rather how, exactly, he responds to Delaware Chancellor Kathaleen McCormick’s historic decision to void his 2018 options grant as unfair to Tesla shareholders. Photo: STR/NurPhoto/Getty Images
Eriq Gardner
February 6, 2024

It’s not every day that a judge vaporizes a $55 billion executive pay package, but then again, Elon Musk is no ordinary C.E.O. The question now isn’t whether Musk punches back, but rather how, exactly, he responds to Delaware Chancellor Kathaleen McCormick’s historic decision to void his 2018 options grant as unfair to Tesla shareholders. An appeal is table stakes, and likely just the beginning of a legal saga in which Musk could countersue.