Part 3/8:
When examining the root causes, one key catalyst stands out: a string of decisions made by Delaware judges, particularly Chancellor Kathleen St. Jude McCormick. Her rulings have raised concerns about the stability of shareholder decisions and the rights of corporations in general. For example, a controversial ruling came to light involving Elon Musk's compensation package from Tesla. A small group of attorneys, representing a single shareholder with a mere nine shares, ended up winning a case against Tesla which altered the landscape of shareholder governance in Delaware.