"Elon Musk's Corporate Moves and Unlikely Foe: A Drummer's Defeat"

1 min read
Source: The Guardian
"Elon Musk's Corporate Moves and Unlikely Foe: A Drummer's Defeat"
Photo: The Guardian
TL;DR Summary

Elon Musk lost a $56 billion pay package in a legal battle brought by Richard Tornetta, a former thrash metal drummer with just nine shares of Tesla. The judge voided the deal, ruling it unfair to shareholders. Tornetta's case highlights the role of individual investors in corporate litigation, as they can hold companies accountable and save billions of dollars. This case is seen as a significant event in corporate law, with experts emphasizing the importance of such individuals in policing boardrooms.

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