Musk restarts pay talks 'in a reduced manner'

From:: Elon Musk
Date:: November 9, 2017
To:: Todd Maron

Excerpt. Only this much of the email has been made public.

I'd like to move forward with that now, but in a reduced manner from before.

About this email

In the early hours of November 9, 2017, Musk tells Maron he wants to move ahead with his compensation plan but at a reduced size.

Notes

Known only through the passages quoted in Chancellor McCormick's post-trial opinion (factual background); the full email is not public. The opinion quotes it as wanting to 'move forward with [his compensation plan] now, but in a reduced manner from before'; the sentence as given here is from para. 115 of the amended complaint.

Where it came from

Court record; attribution confirmed.

Tornetta v. Musk, C.A. No. 2018-0408-KSJM (Del. Ch. Jan. 30, 2024), post-trial opinion
Harvard Law School Forum on Corporate Governance (reproduces the opinion text)
Amended derivative complaint (Bernstein Litowitz)

Tesla, executive & internal. Tags: pay-package, compensation, todd-maron

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