Elon Musk's $56B Tesla compensation voided by judge

by firloop on 1/31/2024, 2:39:02 AM with 80 comments

  • by apapapa on 1/31/2024, 2:56:58 AM

    He wanted to give himself a $56B compensation?

  • by Meekro on 1/31/2024, 3:32:31 AM

    It's worth noting that companies can change the state that they are incorporated in. Elon is considering changing Tesla to Texas. After he changes, I wonder if Elon's lawyers can get this re-litigated somehow?

    https://twitter.com/elonmusk/status/1752491924848820595

  • by ChrisArchitect on 1/31/2024, 3:32:53 AM

    [dupe]

    More discussion: https://news.ycombinator.com/item?id=39196390

  • by benzible on 1/31/2024, 2:56:55 AM

    previously: https://news.ycombinator.com/item?id=39196390

  • by goshx on 1/31/2024, 3:05:39 AM

    This is absurd. Elon deserves the package.

  • by leetgirl83 on 1/31/2024, 3:01:38 AM

    The guy that sued and just made Elon Musk lose 55 Billion dollars only had:

    NINE SHARES OF TESLA STOCK.

  • by erupt7893 on 1/31/2024, 3:18:48 AM

    Anyone saying this package is unreasonable likely doesn't know that:

    - This compensation package was approved, and he would only obtain payout if and only if Tesla reach some considerable aggressive milestones. - This was in 2018 when the company was not doing well relatively. - The shareholders at the time voted 74% in favour of the package.