Elon Musk’s pay package at Tesla is raising questions about whether the law firm representing the company can change Delaware law to benefit him. Musk’s proposed pay package includes a plan to grant him stock options based on the company’s market value reaching specific milestones. These options could potentially be worth billions of dollars for Musk. However, the terms of the pay package have raised concerns among Tesla shareholders and corporate governance experts. The law firm representing Tesla, Wilson Sonsini Goodrich & Rosati, has been accused of working with Musk to manipulate Delaware law in order to secure his pay package. Delaware is a popular state for corporations to incorporate in due to its business-friendly laws. Shareholder advocacy groups have expressed concern about the potential impact of changing Delaware law to benefit Musk. The controversy surrounding Musk’s pay package and the involvement of Wilson Sonsini Goodrich & Rosati is likely to continue to be a topic of discussion in the coming months.
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