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11 sats \ 0 replies \ @gmd 18h \ parent \ on: Delaware judge rejects Musk's $56 billion Tesla compensation Stacker_Stocks
Probably ambulance chasing lawyers who know they can make $1/3 billion on fees 👀
Well as I said the first comp package I think everyone laughed initially and didn't take seriously, so lawyers could later poke holes in it by saying that due diligence in line with other public companies was not demonstrated.
This 2nd time around the value of the comp package is well known and they voted again to give it to him- so I don't know how this judge could rule against it but IANAL.
Why not consider capping the hype or other deal structures, in order to demonstrate due diligence to shareholders? He already makes a shit-ton of money on the stock growth because he already owns an immense amount of shares- which should bring him enough motivate him to succeed. $50 billion (now way higher) is unheard of.. what's the next highest stock comp in the tech industry? Would not upside up until $10 billion not be sufficient to motivate a CEO? Did they discuss giving him a guaranteed salary in return for an upside cap? It seemed there's a process the board is supposed to go through for public companies that was not followed (my 4th hand knowledge from a long forgotten podcast haha).
IANAL but to me when I hear horror stories about divorce court settlements and other crazy contract low stories it's not too surprising that the initial ruling on the comp package was made.
I can actually understand the first ruling. I remember listening to a podcast which explained that as a public company, there is a specific process public companies must go through in coming up with compensation packages that shows they are acting in their shareholders' best interest:
- No conflict of interest on the board
- Demonstrate due diligence exploring packages in line with similar industry standards.
Ie how did they come up with the numbers they did? Who is to say 1/2 of 1/3 the number of shares would not have incentivized Elon who is already incentivized by owning a large percentage of Tesla shares. Did they even discuss capping the upside? Or did they just go along with Elon's first proposal...
That being said how can you throw out the compensation after a second vote where voting shareholders now all have their eyes wide open...
The $345 million seems 1000x more egregious though... how in the hell do the courts even justify that without some sort of cap...
yeah i eat meat because it tastes good. i eat carbs because they taste good. life is too short to subject yourself to fad diets with zero evidence- everything in moderation. the best diet is simply less- don't get fat and you're usually ok.
😠yup! happy thanksgiving to you too!
Unfortunately the interface to that website sucks but I'm sure if there was an easier way to navigate the underlying database it would be easier to identify the bloat and more shocking to the public how much waste there is. People are complaining about mayors of major cities making 200k meanwhile random ultrasound techs are clearing 300-400k...
Not just the number of jobs, but the bloated compensation... if you want your mind blown check out http://www.transparentcalifornia.com
Search for some common occupations like "public defender", "nurse", "police", "ultrasonographer", "teacher". The number of pages of people clearing >500k is insane... there has been zero fiscal oversight
It's very scary how quickly we can lose all of our rights now in the new age of AI. Infinitely scalable surveillance software makes it impossible to organize any sort of rebellion or share any media to counter the state narrative... we don't hear much about the resistance efforts in hong kong anymore.
Hmmmm looks like RUB is making a bit of a comeback in the past hour alone... wonder what news or intervention is going on...
Just playing around on TradingView but it also appears to have similarly markedly dropped in value against the INR, MXN and EUR so at least it seems consistent and not just some USD-RUB trade issue...
Ruble value just fell off a cliff… let’s hope this means the end of the war soon and not ww3…
👀
40 sats \ 1 reply \ @gmd 28 Nov \ parent \ on: The Daily Zap — Latest News and Updates alter_native
Ruble value just fell off a cliff today 👀
sure, others are buying BTC with their cash to create BTC treasuries- but it seems like MSTR is able to raise money at 0% to lever up... are others able to do that?