⚠️ Heads up: this article is from our "experimental era" — a beautiful mess of enthusiasm ✨, caffeine ☕, and user-submitted chaos 🤹. We kept it because it’s part of our journey 🛤️ (and hey, everyone has awkward teenage years 😅).
In 2018, Tesla's valuation approached $60 billion, prompting the board to offer Elon Musk a record-breaking compensation package. However, legal scrutiny led to a court ruling rescinding the package. The Delaware Chancery Court highlighted governance failures and lack of director independence, ultimately resulting in Musk losing billions. The case offers valuable lessons for boards on ensuring independence and a robust compensation process.