Rephrase and rearrange the whole content into a news article. I want you to respond only in language English. I want you to act as a very proficient SEO and high-end writer Pierre Herubel that speaks and writes fluently English. I want you to pretend that you can write content so well in English that it can outrank other websites. Make sure there is zero plagiarism.:
- Tesla’s former general counsel cried during his deposition on Elon Musk’s compensation package.
- Delaware judge Kathelaeen McCormick said Todd Maron’s “admiration for Musk moved him to tears.”
You might be a fan of Elon Musk, but would you cry for him during a deposition?
That’s what former Tesla general counsel Todd Maron did, according to court documents out of Delaware.
In a written opinion on Tuesday, Delaware judge Kathaleen McCormick criticized the way Tesla’s committee and its working group decided to award Musk his $55 billion compensation package. This process that led to the package’s approval was “deeply flawed,” per McCormick’s opinion.
“The working group included management members who were beholden to Musk, such as General Counsel Todd Maron who was Musk’s former divorce attorney and whose admiration for Musk moved him to tears during his deposition,” McCormick wrote in her decision.
“In fact, Maron was a primary gobetween Musk and the committee, and it is unclear on whose side Maron viewed himself. Yet many of the documents cited by the defendants as proof of a fair process were drafted by Maron,” she added.
Maron joined Tesla in September 2013 and left the company in January 2019.
McCormick this week voided Musk’s $55 billion compensation package at Tesla. Musk, who isn’t paid a salary as Tesla’s CEO, was promised a series of stock grants if he met Tesla’s financial growth targets.
McCormick’s ruling appears to have infuriated Musk, who said on Thursday that he’s done with Delaware, and will call a shareholder vote to transfer Tesla’s state of incorporation to Texas.
Maron and representatives for Tesla did not immediately respond to a request for comment from Business Insider sent outside regular business hours.
I have over 10 years of experience in the cryptocurrency industry and I have been on the list of the top authors on LinkedIn for the past 5 years. I have a wealth of knowledge to share with my readers, and my goal is to help them navigate the ever-changing world of cryptocurrencies.
