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188 sats \ 3 replies \ @freetx 3 Dec \ parent \ on: Delaware judge rejects Musk's $56 billion Tesla compensation Stacker_Stocks
Why not consider capping the hype or other deal structures, in order to demonstrate due diligence to shareholders?
Well those are a minority of shareholders. What happens to the wishes of the 70%?
If you were one of those 30%, the non-commie solution would be to sell your shares and move on.
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21 sats \ 2 replies \ @gmd 3 Dec
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.
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44 sats \ 1 reply \ @freetx 3 Dec
It would be interesting to know exactly who are the plaintiffs here....Probably some large wall-street firm upset that their investment is only returning 300% instead of an expected 320% if they can take Elons comp package....
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11 sats \ 0 replies \ @gmd 3 Dec
Probably ambulance chasing lawyers who know they can make $1/3 billion on fees 👀
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