Summary via ChatGPT
A Delaware judge invalidated Elon Musk’s $56 billion Tesla pay package for a second time, citing undue influence and unfair terms set by Musk. Despite shareholder approval earlier this year, the court ruled the process failed to address governance concerns and transparency. The judge emphasized the board’s failure to prove the compensation plan’s fairness, suggesting alternative, reasonable payment options were possible. Tesla may appeal the decision or propose a new compensation plan.
People look at the number and nothing else.
Go back to when this pay package was crafted. The basic deal was, here’s a King’s ransom to do the impossible. Nobody ever thought that the performance targets required to trigger this payout were possible. Tesla achieved that. Elon and achieved that. And the stock continued to go up. Keep in mind, most of the money here is in stock not cash. So the 56 billion dollar number is only because the stock has continued to rise.
I say pay the man.
I’m glad your generation isn’t getting laid, I’d hate for there to be more dumbasses that need to justify why a billionaire needs more billions.
I say hang the man.
on a ceiling fan for fun until there’s a red streak across the wall in every direction, then make it a memorial to American workers.
His kind eats entire generations of wealth. He’s an enemy to you and everything prosperity stands for. If Trump wants to start ejecting immigrants, he can start with that one.
I’m not ‘justifying why a billionaire needs more billions’.
I’m saying that your personal opinion of Musk doesn’t fucking matter. Neither does mine. What matters is facts. You may think he’s an asshole, but if you can’t objectively recognize that he’s achieved a lot, if his current political misadventures must necessarily invalidate his past accomplishments and make him unworthy of any praise in your mind, then you’re a small minded fool blinded by your own hatred.
He’s an enemy to you and everything prosperity stands for.
Perhaps. But if it wasn’t for Tesla, electric cars would still be ‘10 years away’. Do you deny that?
He is a Nepo baby manchild who bought his way into everything. He has a team of handlers who keep him from doing and saying shit so he won’t fuck things up worse than he already has.
He spends his free time playing video games, twatting, and doing drugs. He ignores his twelve kids and pretends to be CEO of two companies while having involvement with five others.
He fucks his staff and threatens to sexually assault women for fun. Your opinion of him is so far from the truth one could only conclude you literally have no fucking clue or are surgically attached to his ass in order to swallow all his shit.
Yes, because Electric-car and self-driving aren’t a combo deal.
Every Tesla runs on the same battery they did before there were Teslas, hundreds of 18650s, and golf carts had regen braking.
If it seems like a lot of our progress is just smoke and mirrors, it mostly is.
