this post was submitted on 30 Jan 2024
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[–] Whirling_Cloudburst@lemmy.world 139 points 9 months ago (1 children)

Plaintiff’s lawyers argued that the pay package was dictated by Musk and was the product of sham negotiations with directors who were not independent of him.

Shams pretty much some up the whole of his career.

[–] Ep1cFac3pa1m@lemmy.world 34 points 9 months ago

Elon: can you approve this pay package for me?

Also Elon: why certainly!

[–] kaitco@lemmy.world 88 points 9 months ago (2 children)

The fact that a Delaware judge made this ruling just highlights how egregious this package was.

[–] Gork@lemm.ee 46 points 9 months ago (1 children)

I wasn't aware of this fact before. Now I'm Delaware.

[–] ARk@lemm.ee 8 points 9 months ago

audible gasp

[–] Telodzrum@lemmy.world 7 points 9 months ago

Chancery doesn't fuck around. It's not surprising that a Delaware court would find for the plaintiffs in a derivative action; it happens all the time.

[–] snownyte@kbin.social 39 points 9 months ago (1 children)

Oh no, will that mean Tesla won't be as rich as he boasts?

Also, he's looking fugly, damn dude, learn to shave. When thin facial hair doesn't work, it doesn't work. Damn rich people.

[–] Darkard@lemmy.world 36 points 9 months ago (2 children)

He looks like a hardboiled egg that was dropped on a barbershop floor

[–] FenrirIII@lemmy.world 20 points 9 months ago (1 children)

He looks like a sentient ballsack

[–] Naja_Kaouthia@lemmy.world 10 points 9 months ago

I laughed at this way harder than I probably should have. And I thank you for it.

[–] Fenrisulfir@lemmy.ca 3 points 9 months ago

I don’t know if you’re describing this pic or his “before rich” pic. They both look like that

[–] Neato@ttrpg.network 36 points 9 months ago

“Never incorporate your company in the state of Delaware,” he said.

Lol. That's some Trumpian bullshit. I'm sure every corporation ever must be wrong.

[–] reddig33@lemmy.world 28 points 9 months ago
[–] girlfreddy@lemmy.ca 16 points 9 months ago
[–] ZooGuru@lemmy.world 15 points 9 months ago (1 children)

In reality this is some rich asshole arguing over pretend money given to another very rich asshole. The headline should be “board member who has way too much money sues Musk for money they would prefer be distributed to shareholders which includes them”. I’m probably missing something here, but anyone involved in this definitely sucks. Sure…Musk has no reason to be enriched further. In all likelihood neither does the person suing him.

[–] Tenthrow@lemmy.world 31 points 9 months ago (1 children)

At this point I would say that it is irresponsible to enrich Musk any further. We have all seen how he uses it.

[–] ZooGuru@lemmy.world 4 points 9 months ago

For sure. I just mean that I take no personal pleasure in the money instead going to further enrich an already rich person that technically has invested in him and his businesses. What I mean to say is eat the rich.