In recent corporate legal news, an audacious move by Tesla Inc. saw it pushing for a shareholder approval of a staggering $55 billion pay bundle for Elon Musk – a pay gesture that mirrors one previously quashed by the Delaware Chancery Court earlier in January. More details can be found here.
Elsewhere in the sector, the BT Group, a prominent British telecommunications entity, has announced plans to promote two law firms onto its leaner legal panel. This move is in recognition of the firms’ impactful efforts in spearheading successful diversity and artificial intelligence initiatives.
These notable developments are part of a larger wave of stories making headlines in the corporate legal world over the past week.