Tuesday, February 4, 2025

the fickle finger of fate strikes again, as they used to say; 


The hyper-emotional female strikes again, folks. This time in Delaware. But before we get to that, here’s some background.

Companies have historically incorporated in Delaware because its business laws have been corporate-friendly, and offered legal protections, tax advantages, and a court system that specializes in business disputes—Elon Musk and other big names were no exception.

But now, thanks to a lady judge on a seek and destroy mission, things have gone south—fast.

As you like know, Elon Musk has been in a full-blown showdown with Delaware’s legal system over his $56 billion Tesla pay package.

It all started back in 2018, Tesla’s board approved the deal, but a shareholder complained, saying the payout was unfair to investors.

READ MORE: Karma finally comes for Chuck Schumer…

Now, fast forward to 2024, and right on cue, a female Delaware activist judge by the name of Kathleen St. J. McCormick, agreed with the whiney shareholder, calling the payout “excessive” and tossing it out the window.

And that was the move that ignited a firestorm.

And just so you know – Democrat Governor John Carney nominated McCormick to the vice-chancellor position on the Delaware Court of Chancery back in 2018...........more........

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