Elon Musk’s response to the Delaware court ruling on his $56 billion pay package has sparked a broader debate on corporate governance.
Musk openly criticized Delaware’s judiciary on social media, moved Tesla and his other companies’ incorporations elsewhere, and urged others to do the same, according to CNBC.
In response to the wave of corporate exits, Delaware Senate Majority, Leader Bryan Townsend, a corporate attorney and former Chancery Court clerk, began examining the issue with other lawmakers.