Opinion
Elon Musk pay ruling will have venture capital firms worried
It’s hard to justify a judge interfering in a commercial bargain, even if it turns out to be more advantageous to one side than the other.
Karen MaleyColumnistVenture capital firms and start-up founders will be watching on in alarm at the decision by a Delaware judge to scrap Elon Musk’s gargantuan package of share options that turned out to be worth close to $US56 billion ($86 billion).
After all, every founder of a start-up – whether it’s in tech or biotech – harbours dreams of one day emulating Tesla’s extraordinary commercial success.
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