In an effort to appease Elon Musk, Delaware’s Democratic-controlled legislature is expected to vote on a bill this month that would not only award Musk the largest compensation package in history, but also shield many of the country’s most powerful corporate executives from accountability for their companies’ misbehavior.
If lawmakers don’t enact the law, which was written by Musk’s own lawyers, the billionaire mogul and his allies are threatening a mass exodus of companies out of the state. This pressure campaign is part of a long-running race to the bottom between states competing to attract businesses with offers to shield corporate executives from scrutiny by their companies’ own shareholders and workers.
