Can “Superstar” CEOs Actually Be Awarded “Supersized” Pay Packages? Takeaways from Tornetta v Musk

In 2017 Tesla’s market capitalization hovered around US$50 billion and it was the U.S.’s most shorted stock: the market was betting decisively against Elon Musk. But by October 2021, and on the heels of a performance-based equity-compensation plan awarded by the Tesla board to Musk and subsequently approved by shareholders in March 2018 (the Plan), Musk propelled Tesla to stratospheric valuations exceeding US$1 trillion. READ MORE