Elon Musk is running Tesla into the ground — yet he’s trying to rewrite
the law to get the highest payday of any CEO in history. 

The bill will be voted on this week. With enough public outcry and voter
backlash, we can push lawmakers to vote no and stop Musk’s $56 billion
bailout. Add your name:

[ [link removed] ] Say NO to Musk’s law 

   
John,

As CEO, Elon Musk has lost Tesla more than $177 billion dollars. Sales are
plummeting globally.

Yet Musk still feels entitled to a $56 billion dollar payday – the highest
of any CEO in history – even after Tesla shareholders, and a judge, said
NO to the undeserved compensation package. 

So to get his way, Musk has decided to change the law. 

His lawyers have literally written a bill that, if passed, would give CEOs
like him free rein to run companies into the ground, steal from
shareholders and retirement funds, and be protected from consequences
under Musk’s law.

We still have a chance to stop Musk’s law, but the lawmakers are voting
*this week* and we urgently need people everywhere urging them not to cave
to Elon Musk.

[ [link removed] ]Tell lawmakers: Vote NO on Musk’s law

While headlines are focused on DOGE, Musk is trying to rewrite corporate
law in the small U.S. state of Delaware – and if he succeeds, this law
could pass with little attention and have serious global repercussions.

Two-thirds of the world’s biggest companies, Fortune 500s, are
incorporated in Delaware. 

Musk’s law would erase long established shareholders’ rights, limit access
to crucial information,  and make it nearly impossible (including for
campaigning organizations like Ekō) to hold reckless directors,
executives, and other controllers of public companies legally accountable
when they act against the interests of their shareholders, who are the
actual owners. 

Business and financial leaders, corporate law experts and shareholders are
calling on Delaware lawmakers to vote against Musk’s law. Because they
want to keep the state a reliable and safe hub for businesses to
operate. And the worst thing for business is an unchecked, reckless CEO.

This isn’t just about money. It’s an obvious power grab in Musk’s effort
to bulldoze over shareholders and campaigners alike.

But Democrats are in control in Delaware, and passing this bill requires a
supermajority. 

All we need is to get a few lawmakers on our side. And do it quickly,
because of the powerful forces trying to rush this bill through. If we
pile on the global pressure now, backing up local voters who also don't
want this, we can stop Musk’s power grab – and make sure executives like
him aren’t rewarded for running companies into the ground and cheating
shareholders.

[ [link removed] ]Tell Delaware lawmakers: Vote NO on Musk’s [ [link removed] ]law 

Tesla shareholders have told Musk NO. The court has told Musk NO. Now it’s
time for Delaware lawmakers to tell Musk NO. 



[ [link removed] ] Say NO to Musk’s law 



Thanks for all that you do,
Yasmin and the team at Ekō


More information:

[ [link removed] ]Delaware corporate law overhaul heads to final vote amid criticism it
favors billionaires
Reuters, 20 March 2025
 
[ [link removed] ]Letter on Delaware Senate Bill 21
Harvard Law School Forum on Corporate Governance, 19 March 2025
 
[ [link removed] ]‘Shakedown’: Controversial legislation changing Delaware corporate law
passes state Senate with no debate
WHYY, 17 March 2025
 
[ [link removed] ]Delaware Senate Bill 21 is a disaster. It's time to call strike three |
Opinion
Delaware Online, 12 March 2025
 
[ [link removed] ]Tesla’s law firm drafts Delaware bill that could salvage Musk pay
package
CNBC, 18 February 2025
 
[ [link removed] ]DELAWARE STATE SENATE 153rd GENERAL ASSEMBLY SENATE BILL NO. 21
Delaware.gov, 18 February 2025

 

 

Ekō is a worldwide movement of people like you, working together to hold corporations accountable for their actions and forge a new, sustainable path for our global economy.

Please help keep Ekō strong by chipping in $3. [link removed]