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A comment on Tesla putting Musk pay package up for another vote after judge voided first one. Parent comment

Re:Tesla putting Musk pay package up for another vote after ... by leetharris on Wednesday April 17, 2024 @12:56PM (#40067311)
Because this was agreed upon a long time ago with certain conditions being met.

He met those conditions.

It's that simple.

If we start playing loose with the rules you will demotivate all sorts of high dollar investments in American tech.

Like it or not, this is how the system works.

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Re:Tesla putting Musk pay package up for another vote after ... by archagon on Wednesday April 17, 2024 @02:10PM (#40068224)
Well, no, he didn't meet those conditions according to the court of Delaware. And now he wants to flaunt this ruling by trying again and re-incorporating in Texas.
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Re:Tesla putting Musk pay package up for another vote after ... by borkyborkbork on Wednesday April 17, 2024 @04:41PM (#40069847)
That is not what the court said.

It said that the board did not explain the conditions correctly to the shareholders. Hence, they will provide shareholders with a full explanation of what the conditions were back in 2018 before this new vote.

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Re:Tesla putting Musk pay package up for another vote after ... by borkyborkbork on Wednesday April 17, 2024 @04:42PM (#40069852)
^^ Original vote and the new one is by the shareholders.
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Re:Tesla putting Musk pay package up for another vote after ... by fred_is_fred on Wednesday April 17, 2024 @02:05PM (#40068160)
It was agreed upon by a BoD made up of his friends and/or people he effectively controls. The BoD is not independent - which it should be. That is playing loose with the system rules.
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