A Delaware judge voided Elon Musk's $55 billion compensation package from Tesla, calling it unfair to shareholders and deeply flawed. The judge ordered Tesla to cancel the stock options award to Elon valued at about 51 billion and directed the directors to create a new compensation plan. This ruling reflects the power of shareholders in influencing board decisions and the need for transparency and fairness in executive compensation.
Kara and Scott talk Apple Vision Pro, Disney’s failed lawsuit against Ron DeSantis, and a $100 million deal for the Smartless podcast. Also, will Elon Musk move Tesla to Texas after a Delaware judge voided his $55 billion compensation package? Plus, the upshot of the social media companies' CEOs' testimonies on child safety. Our Friend of Pivot is New York Times reporter Conor Dougherty, who stops by to talk about his piece on the Silicon Valley bigwigs trying to build a city in California.
You can find Conor at @ConorDougherty.
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