Re:Tesla's biggest retail shareholder is voting against Elon...
by refurb on Monday April 22, 2024 @02:03AM
(#40111752)
But it's odd, the end results of the "negotiation" are public. So regardless of how the negotiation (or not) happened, the end results (pay package) was in front of them in black and white to decide on.
It was pretty straightforward - if stock price hits X, Elon gets Y. It even says "Elon will own 12% of the company if all stock vests from hitting $650B in valuation".
It even has a nice bar chart showing how much Elon would make if he hit the highest tier - CEO Value Realized ($B) - $55.8
Re:Tesla's biggest retail shareholder is voting against Elon...
by dllthomas on Wednesday April 24, 2024 @11:42AM
(#40145748)
You have a point, but on the other hand "this was negotiated by an independent party" is one part of what was in front of them, and may've influenced the decision.
https://www.sec.gov/Archives/edgar/data/1318605/000119312518...
It was pretty straightforward - if stock price hits X, Elon gets Y. It even says "Elon will own 12% of the company if all stock vests from hitting $650B in valuation".
It even has a nice bar chart showing how much Elon would make if he hit the highest tier - CEO Value Realized ($B) - $55.8