https://www.theguardian.com/technology/2024/mar/02/lawyers-who-had-elon-musks-pay-dismissed-as-excessive-seek-6bn-in-tesla-shares?ref=biztoc.com


Bell_curve

The whole point is voting rights allegedly. Sounds like Tesla will buyback and give him shares. Options or money would not get him those voting rights. New stock dilution would need shareholder approval

> The numbers are egregious. Getting a salary 2,5 years company profit to the point the companies balance sheet goes below zero

the structure of the bonus is an important distinction here, i don’t think the headline number of $55 billion tells us the full story

These 2 things don't contradict each other IMO. Both can be true at the same time.

We don't know how many shareholders sued in Delaware or how many would support it. There are no real votes of no confidence in the board in the US. But Tesla shareholders should still vote if this is in the best interest of shareholders.

econ

What do you think about Elons Tesla compensation saga?

tomlaies

My personal opinion:

- The numbers are egregious. Getting a salary 2,5 years company profit to the point the companies balance sheet goes below zero
- It's not a courts job to decide stuff like that

These 2 things don't contradict each other IMO. Both can be true at the same time.

We don't know how many shareholders sued in Delaware or how many would support it. There are no real votes of no confidence in the board in the US. But Tesla shareholders should still vote if this is in the best interest of shareholders.