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Adam Allington
Tesla CEO Elon Musk's record-breaking $56 billion pay package will not be reinstated. A Delaware judge said she would not reverse her earlier decision even after shareholders approved the package a second time.
Brian Dunn
Director, Institute for Compensation Studies (ILR)
Brian Dunn is the director of the Institute for Compensation Studies in Cornell’s School of Industrial and Labor Relations.
Dunn says:
“This was a triumph for corporate governance and a courageous decision by Chancellor McCormick. It was a well-reasoned decision that I am confident will stand appeal.
“The decision reminds Boards that they have a responsibility to apply independent judgement and prudence in making pay decisions for their CEO and other executives.”
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