Re:Tesla investors back $56B Musk pay deal
by jauntywundrkind on Friday June 14, 2024 @07:57PM
(#40686313)
If he illegally appoints a board of yes men who remain faithful to him, then it doesn't matter how the board votes: it's not a legal & legitimate board looking out for the company as a whole.
That case has already been decided. And the board re-voting doesn't change that outcome.
Re:Tesla investors back $56B Musk pay deal
by JamesBarney on Saturday June 15, 2024 @06:52PM
(#40693295)
Maybe you missed this but it was the shareholders who voted for it again. Not just the board members. The concern was that even though the shareholders were fully aware of the package and voted for it maybe they relied on the expertise of the board to make sure it was a fair package.
Re:Tesla investors back $56B Musk pay deal
by JamesBarney on Saturday June 15, 2024 @06:53PM
(#40693300)
Also he didn't illegally appoint the board. That was not the issue in this case.
> If this stock starts being liquidated at any significant volume, the stock will also definitely drop. Even if these holdings are to be doled out & possible exercised, it sure seems like the company could hire & keep a lot of great people with this stock holding.
Yeah but maybe not Elon, and I believe based on this vote the shareholders fear losing him.