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The Delaware judge who rescinded Elon Musk's record $56 billion compensation from Tesla on Tuesday has a reputation for her calm demeanor and demanding standards for corporate behavior. Chancellor...
The Delaware judge who rescinded Elon Musk's record $56 billion compensation from Tesla on Tuesday has a reputation for her calm demeanor and demanding standards for corporate behavior. Chancellor Kathaleen McCormick's ruling on Musk's pay follows decisions against a private equity firm that tried to wriggle out of a takeover deal and a CEO who shortchanged his own shareholders when he sold his company. The first woman to lead Delaware's Court of Chancery, the go-to venue for U.S. corporate litigation, has also tangled with Musk before.
The Delaware judge who rescinded Elon Musk's record $56 billion compensation from Tesla on Tuesday has a reputation for her calm demeanor and demanding standards for corporate behavior. Chancellor Kathaleen McCormick's ruling on Musk's pay follows decisions against a private equity firm that tried to wriggle out of a takeover deal and a CEO who shortchanged his own shareholders when he sold his company. The first woman to lead Delaware's Court of Chancery, the go-to venue for U.S. corporate litigation, has also tangled with Musk before.
Wasting no time, the judge handling Twitter Inc (NYSE:TWTR)'s lawsuit against Tesla and SpaceX CEO Elon Musk has set the first hearing in the case for July 19.