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A comment on Elon Musk's $56B Tesla compensation voided by judge. Parent comment

Re:Elon Musk's $56B Tesla compensation voided by judge by josenyc on Tuesday January 30, 2024 @10:17PM (#39199390)
That's beyond ridiculous. What true value has he generated? Also if the stock tanks then shouldn't investors have a right to strip some of that compensation? 50 billion to millions of investors and 50 million to one guy is hardly a fair trade. Not to mention how many times he's promised to deliver new features or products and comes up terribly short.
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Re:Elon Musk's $56B Tesla compensation voided by judge by xcv123 on Tuesday January 30, 2024 @10:18PM (#39199399)
Tesla market cap is $600B. The shareholders made a lot of money. That was the deal.
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Re:Elon Musk's $56B Tesla compensation voided by judge by kortilla on Wednesday January 31, 2024 @03:53AM (#39201557)
He was paid to be CEO and drive the company towards particular goals. The entire point of leadership is to make sure those happen, not to do them yourself.

You can claim the amount should be lower, but then your argument is with the shareholders who came up with the proposal and approved it.

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Re:Elon Musk's $56B Tesla compensation voided by judge by ModernMech on Wednesday January 31, 2024 @08:58AM (#39203820)
That’s the whole point of the lawsuit. The shareholders allege Musk came up with the proposal, controlled the process, then lied about it to shareholders. The judge found in their favor after a trial.

So why does Musk deserve this again? Because he says so?

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Re:Elon Musk's $56B Tesla compensation voided by judge by kortilla on Wednesday January 31, 2024 @01:09PM (#39207207)
No, that’s not what they claimed. The judge found that the board was to biased in favor of Musk. Not that he came up with anything.
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Re:Elon Musk's $56B Tesla compensation voided by judge by ModernMech on Wednesday January 31, 2024 @03:34PM (#39208986)
The judge found that "At least as to this transaction, Musk controlled Tesla".

Meaning that Musk directed the creation of the compensation package, not that the compensation committee were merely biased. The analysis of this is on pages 103-146 of the ruling.

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Re:Elon Musk's $56B Tesla compensation voided by judge by me_me_me on Thursday February 01, 2024 @11:01AM (#39217325)
I want to point out that, you are arguing with a guy who defends a person who spends more time shitposting on twitter then running a company that he really deserves $50bn bonus.

You can spend your time better than this ;)

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Re:Elon Musk's $56B Tesla compensation voided by judge by ModernMech on Thursday February 01, 2024 @12:06PM (#39218236)
lol what are you taking about, arguing on the internet is the highest calling! :P
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Re:Elon Musk's $56B Tesla compensation voided by judge by me_me_me on Thursday February 01, 2024 @12:15PM (#39218377)
at least argue with someone who might be reasoned with, like flat eathers or underground resistance of reptilian overloads
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