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Kathaleen McCormick

Kathaleen McCormick

Chancellor of the Delaware Court of Chancery

Appears in 1 story

Notable Quotes

"The process leading to the approval of Musk's compensation plan was deeply flawed," McCormick wrote in her January 2024 opinion.

Stories

Tesla moves to deliver Musk's $100 billion pay package

Money Moves

Twice ruled against the Musk package; awaiting appeal proceedings

When Tesla's board agreed in 2018 to pay Elon Musk in stock options if he hit a string of growth targets, the maximum theoretical value was about $56 billion—already the largest CEO pay package ever written. Eight years later, Tesla is moving to actually hand over the shares, and they are now worth more than $100 billion.

Updated Yesterday