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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 jzb on Tuesday January 30, 2024 @10:19PM (#39199406)
Yes. All by himself. So many all nighters building cars, alone. “Just one more car, so I can, alone, provide value.”
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Re:Elon Musk's $56B Tesla compensation voided by judge by Meekro on Tuesday January 30, 2024 @10:24PM (#39199442)
The board believed (quite reasonably) that Elon had the power to determine the trajectory of the stock over the next 5 years, and they acted on that belief by tying his compensation to particular stock goals. The board then put that compensation plan to a shareholder vote, and the shareholders approved it.

The stock hit those goals, and Elon got paid.

Then one guy with 9 shares said it's not fair, and got a judge to agree.

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Re:Elon Musk's $56B Tesla compensation voided by judge by ModernMech on Wednesday January 31, 2024 @09:00AM (#39203845)
I love it, the legal system really is a great equalizer sometimes.
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