An anti-American, anti-capitalist foreign judge could defy the people and deny Tesla CEO Elon Musk a bonus of $56 billion even though 75 percent of the shareholders voted for it. Delaware Judge Kathaleen McCormick, the one who originally nixed the 2018 deal that led to this payoff, called the amount “an unfathomable sum,” a phrase that could only be used by a Marxist.
The Judge’s argument for nixing the deal was that the board had vested interests in Musk’s success and thus were not voting for the company, but for Musk. Now that the shareholders have voted 75 percent to 25 percent, the anti-Capitalist judge’s faulty logic has even less credibility than it did before. The shareholders also voted to move the company out of the now-Marxist-controlled state of Delaware to an American one, Texas.
Tesla boss Elon Musk let Delaware know it can eat cake as the company reportedly put in paperwork to shift its incorporation from the First State to the Lone Star State.
Nearly 90% of shareholders on Thursday voted in favor of the move, leading Musk to quip on his social media site X that he was sending a cake to Delaware “as a parting gift.”
The post included an image of a vanilla-frosted sheet cake with the words “Vox Populi, Vox Dei” – Latin for “the voice of the people is the voice of God” – written in red letters, along with a big heart.
Nearly 90% of shareholders on Thursday voted in favor of the move, leading Elon Musk to quip on his social media site X that he was sending a cake to Delaware “as a parting gift.”
Musk initiated the move from Delaware to Texas in January after Delaware judge Kathaleen McCormick struck down his $56 billion pay package that was approved in 2018, calling the massive compensation “an unfathomable sum.”
