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Fortune

Geoff Colvin

Elon Musk’s $1 trillion pay package was the result of a race to the bottom among states with weak corporate governance laws

Elon Musk Tesla Inc. United States Fortune Delaware Texas

(Credit: Patrick T. Fallon—AFP)

In today’s CEO Daily: Geoff Colvin on Elon Musk’s $1 trillion pay package.
The big story: Long delays at U.S. airports as FAA reduces flight capacity amid shutdown.
The markets: It’s bad out there!
Plus: All the news and watercooler chat from Fortune.

Good morning. For Elon Musk, the Texas gambit seems to have worked—great news for Musk, bad news for shareholders of U.S. companies.

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