A judge says Elon Musk must give up a compensation package awarded by Tesla’s board of directors that is potentially worth more than $55 billion.
  • Whirling_Cloudburst@lemmy.world
    1401·
    10 months ago

    Plaintiff’s lawyers argued that the pay package was dictated by Musk and was the product of sham negotiations with directors who were not independent of him.

    Shams pretty much some up the whole of his career.

  • kaitco@lemmy.world
    88·
    10 months ago

    The fact that a Delaware judge made this ruling just highlights how egregious this package was.

    • Gork@lemm.ee
      482·
      10 months ago

      I wasn’t aware of this fact before. Now I’m Delaware.

    • Telodzrum@lemmy.world
      7·
      10 months ago

      Chancery doesn’t fuck around. It’s not surprising that a Delaware court would find for the plaintiffs in a derivative action; it happens all the time.

  • snownyte@kbin.social
    423·
    10 months ago

    Oh no, will that mean Tesla won’t be as rich as he boasts?

    Also, he’s looking fugly, damn dude, learn to shave. When thin facial hair doesn’t work, it doesn’t work. Damn rich people.

  • Neato@ttrpg.networkEnglish
    36·
    10 months ago

    “Never incorporate your company in the state of Delaware,” he said.

    Lol. That’s some Trumpian bullshit. I’m sure every corporation ever must be wrong.

  • ZooGuru@lemmy.world
    238·
    10 months ago

    In reality this is some rich asshole arguing over pretend money given to another very rich asshole. The headline should be “board member who has way too much money sues Musk for money they would prefer be distributed to shareholders which includes them”. I’m probably missing something here, but anyone involved in this definitely sucks. Sure…Musk has no reason to be enriched further. In all likelihood neither does the person suing him.

    • Tenthrow@lemmy.worldMEnglish
      33·
      10 months ago

      At this point I would say that it is irresponsible to enrich Musk any further. We have all seen how he uses it.

      • ZooGuru@lemmy.world
        51·
        10 months ago

        For sure. I just mean that I take no personal pleasure in the money instead going to further enrich an already rich person that technically has invested in him and his businesses. What I mean to say is eat the rich.