Now, a California-based law school will offer its students a course focusing on Musk’s legal conflicts.
For the next semester, UCLA law school will introduce the “Law of Elon Musk” course, which corporate law expert Professor Stephen Bainbridge will teach.
The course summary reads, “As someone who manages an immense amount of other people’s money, Musk constantly faces the temptation to pursue his interests and goals rather than focusing on the welfare of those who have entrusted him with their savings.”
“This course examines how law constrains (or fails to) Musk’s divergences from shareholder interests.”
In the course summary, it is also mentioned that Musk has generated an enormous amount of corporate law and securities litigation. In many situations, Musk’s push-the-edge-of-the-envelope style led to the creation of new laws.
This course’s organizing principle is what economists call the principal-agent problem.
During a recent interview with NY Magazine, Bainbridge said that Musk is generating a lot of interesting case law out of Delaware. For example, there is a pending case on his Tesla CEO compensation package, which is a great case because it’s what will strike the students as an egregious amount of money.
“There are all these cases from different areas that all involve Musk. Given how high profile he is this year with Twitter and everything, I thought this would be a way of really grabbing the students’ attention,” he added.
Photo: Courtesy of Thomas Hawk on flickr
Image and article originally from www.benzinga.com. Read the original article here.