Chancellor Kathaleen McCormick found Maron was "totally beholden" to the billionaire and that three of Tesla's eight board members were as well.
February 05, 2024 at 08:26 AM
4 minute read
Chancellor Kathaleen McCormick of the Delaware Court of Chancery referenced former Tesla General Counsel Todd Maron 74 times in her 200-page ruling last week voiding CEO Elon Musk’s $56 billion pay package.
She wrote that Musk in effect did not have to negotiate with anyone when the eight-person board in 2018 approved the package, the largest in U.S. history.
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Todd Maron, general counsel of Tesla from 2014 to 2019. Courtesy photo
