OPINION
Dear Friends,
Tesla shareholders losing $48 billion in stock value! How is that favorable to their shareholders?
Check out the Tweet on Twitter (now known as X) from TransPerfect CEO Phil Shawe about Elon Musk’s compensation package… shot down in Delaware’s Chancery Court. Shareholder value destroyed, while a CRAZY money package is being demanded by attorneys in Delaware! If anyone has or had any doubt how incestuous the Chancery Court is, simply look at this case! Shareholders lose. Attorneys win.
Delaware loses.
Please send your feedback on this, folks. It is always welcome and appreciated.
Respectfully Yours,
JUDSON Bennett–Coastal Network
Judson Bennett
Author
Captain A. Judson Bennett was a life- long resident of Lewes, DE. He served the maritime industry for 33 years, primarily as a Delaware River Pilot, guiding large ships to the Port of Philadelphia. Captain Bennett has been an active and consistent entrepreneur over the years.
He was elected as a Lewes City Councilman for 6 years. Afterwards he ran for the Sussex County Council as a Republican, and with 20 thousand people voting, lost Delaware’s closest election by 3 votes to an 8 year incumbent. Abandoning his personal political ambitions, he became the Republican District leader, advocating conservative values. Captain Bennett became a lobbyist in the state legislature advocating among many ideas, financial literacy concepts in education. He managed several political campaigns, including one for Governor of Delaware and one for the US Senate against VP Joe Biden. He is now the owner, operator, and writer for the Coastal Network which communicates regularly with over 6000 people throughout the State of Delaware.
Captain Bennett is a graduate of St. Andrew’s School in Middletown, DE (where the movie “The Dead Poet’s Society was filmed) and also graduated “Magna Cum Laude” from the University of Delaware with a BA in Criminal Justice and an MA in Liberal Studies.
He is now a Widower, living in West Palm Beach, Florida. Captain Bennett has one son, three grandchildren, and one great grand-daughter, all who live in Richmond, Virginia.
