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