Delaware lawmakers are set to vote on a bill that would grant Elon Musk his largest compensation package ever, while also shielding many corporate executives from accountability for their companies’ wrongdoing. The law was written by Musk’s own lawyers and is part of a growing trend of states competing to attract businesses with offers to shield executives from scrutiny.
If the bill passes, it could lead to a mass exodus of companies out of Delaware if lawmakers don’t enact the law. This move is part of a broader “race to the bottom” between states vying for business attention by offering lenient corporate governance rules. If successful, the bill would make Musk’s compensation package one of the largest in history and grant him significant immunity from accountability.
Source: https://www.levernews.com/musk-has-triggered-a-corporate-deregulation-bomb