Big Law Business

Elon Musk was unhappy, to put it mildly, with the ruling last week from a Delaware court that invalidated a $55.8 billion pay package he received from Tesla, his electric car company. Shortly afterward, he threatened to move Tesla's incorporation out of Delaware to a less shareholder-friendly state. But, as we discuss in this episode of our news podcast, On The Merits, doing so will likely just land Musk back in the same Delaware court that's the target of his current ire. Bloomberg Law reporters Mike Leonard and Jennifer Kay explain why this court voided Musk's massive pay package, and why the things about Delaware that aggravate him are also what make it the corporate home for nearly every public company in America. Do you have feedback on this episode of On The Merits? Give us a call and leave a voicemail at 703-341-3690.