From Nasdaq:

1. The Delaware judge who rescinded Elon Musk’s record $56 billion compensation from Tesla TSLA.O on Tuesday has a reputation for her calm demeanor and demanding standards for corporate behavior. Chancellor Kathaleen McCormick’s ruling on Musk’s pay follows decisions against a private equity firm that tried to wriggle out of a takeover deal and a CEO who shortchanged his own shareholders when he sold his company.

2. The first woman to lead Delaware’s Court of Chancery, McCormick has a history with Musk, having overseen Twitter’s lawsuit against him when he tried to break the $44 billion contract to buy the social media platform. She has also defended her court from conservative critics and worked to guard the interests of smaller investors.

3. McCormick’s opinions have topped 100 pages in length and have enlivened with quotes from Julia Childs and insights from college football legend Knute Rockne. She has also started her career with the Delaware branch of the Legal Aid Society and has experience with one of the state’s top corporate law firms.

4. The judge is smart, amiable, and known for her calm demeanor, contrasting with Musk’s sometimes brash and volatile behavior. She has shown a history of protecting the interests of smaller investors, ordering a reluctant buyer to close a corporate takeover, and slashing a requested legal fee more than 90% for attorneys who brought a dubious lawsuit.

5. In her confirmation testimony to the Delaware Senate, McCormick stated that the best way to deal with difficulties, in business and in life, was “not with ego, but with logic, and reason, and open minds.” Her work continues to have a significant impact on corporate litigation in the U.S.



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