Lawyers who sunk Elon Musk's big pay package are now asking for nearly $6 billion worth of Tesla stock. Musk doesn't seem happy.
businessinsider.com
Lawyers who sunk Elon Musk's big pay package are now asking for nearly $6 billion worth of Tesla stock. Musk doesn't seem happy.::After sinking Elon Musk's $55 billion pay package, lawyers are now asking a Delaware court for about 11% of those Tesla shares for their fee.
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Fucking billions! ONE billion would be enough to never have to work again if you live lavishly! And this irresponsible, pathetic narcissist is having a tantrum because number won’t go up. I actually want to be alone in a room with him tied to a wall and a set of supplies that would make the CIA go pale. Same with every other sociopathic manchild that’s killing us all because ”Durr, number go up,”
You could put it in a box and never need to work again. Although it would have to be a very big box. That's still 10 million $100 bills.
In a bank, or other investment vehicle, with an interest rate of 0.46%, it earns $4.6M a year. With one of the really good rates in that article (4.88%), $48.8M.
Most people's wages don't go anywhere near that high, even in America.
There's arguments to be made in how it's assets, and therefore can't be converted to money, nor be accurately represented as money all at once, but that's still a mind-boggling amount.
Banks will gladly take those shares as security against a $100M loan, which will easily pay itself off by the rising value of the shares.
1 billion is enough for a thousand people to never have to work again
Not really
Depends on cost of living. $40k/year gets you pretty far in places with low CoL without kids.
Can't believe I respected that guy for so long.