Musk: shareholders 'will be super happy' with pay plan

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

Partial text. Only these passages were published; [...] marks a gap.

Given that this will all go to causes that at least aspirationally maximize the probability of a good future for humanity, plus all Tesla shareholders will be super happy, I think this will be received well.

About this email

Moments after his revised proposal, Musk tells Maron the plan will be well received because the money will go to causes that improve humanity's future and shareholders will be happy.

Notes

Known only through the passages quoted in Chancellor McCormick's post-trial opinion (factual background); the full email is not public.

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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