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?
[dupe]
More discussion: https://news.ycombinator.com/item?id=39196390
previously: https://news.ycombinator.com/item?id=39196390
This is absurd. Elon deserves the package.
The guy that sued and just made Elon Musk lose 55 Billion dollars only had:
NINE SHARES OF TESLA STOCK.
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.
He wanted to give himself a $56B compensation?