Tornetta v. Musk in the wake of SB21

Berti Esclapon de Villeneuve, Jacopo (A.A. 2024/2025) Tornetta v. Musk in the wake of SB21. Tesi di Laurea in Law and economics (corporate and business law: antitrust and regulation), Luiss Guido Carli, relatore Pierluigi Matera, pp. 50. [Bachelor's Degree Thesis]

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Abstract/Index

Executive compensation and corporate governance. Theories of executive compensation. Best practices in corporate governance. Tornetta v. Musk, the 2019 case, initiating the legal challenge. Case background, shareholder lawsuit led by Richard Tornetta. Chancellor McCormick. Tornetta v. Musk, january 2024 ruling, Chancelor McCormick’s decision. Court findings, lack of proper governance and board oversight. Legal reasoning behind voiding the compensation plan and MFW. Tornetta v. Musk, the december 2024 appeal and further legal developments. Tesla and Musk response, arguments in favor of the package. Legal and financial defense strategies. Implications of the verdict and SB21. Outcome and its consequences for executive pay structures. How does Chancellor Kathaleen McCormick’s decision shape executive compensation practices? 2025 appeal to restore $56 billion Tesla payday. How SB21 can affect this case? Future of executive compensation governance.

References

Bibliografia: pp. 47-50.

Thesis Type: Bachelor's Degree Thesis
Institution: Luiss Guido Carli
Degree Program: Bachelor's Degree Programs > Bachelor's Degree Program in Economics and Business, English language (L-33)
Chair: Law and economics (corporate and business law: antitrust and regulation)
Thesis Supervisor: Matera, Pierluigi
Academic Year: 2024/2025
Session: Summer
Deposited by: Alessandro Perfetti
Date Deposited: 05 Dec 2025 11:39
Last Modified: 05 Dec 2025 11:39
URI: https://tesi.luiss.it/id/eprint/44258

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