Judge strikes down Elon Musk’s massive, multi-billion-dollar pay package | CNN Business

stopthatgirl7@kbin.social to News@lemmy.world – 262 points –
Judge strikes down Elon Musk’s massive, multi-billion-dollar pay package | CNN Business
cnn.com

A Delaware state court judge has thrown out the 2018 pay package that helped to make Tesla CEO Elon Musk one of the richest people in the world.

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“I am uncomfortable growing Tesla to be a leader in AI & robotics without having ~25% voting control. Enough to be influential, but not so much that I can’t be overturned,” Musk wrote in a post on X.

You HAD more than 25%, but you sold to below that to buy twitter for some reason. Why should Tesla give into your threat when you could just sell again to buy something else and threaten Tesla again?

Also, why wouldn’t the board fire him for saying that he isn’t going to to his job?

Agreed. Musk was a good hype man back in the day, but now he is a liability. It seems like Tesla would be better off without him at this point.

Damn why do people need so much money and then keep working ? Give me $5mil and my boss won't see me for the rest of his life.

why do people need so much money

Mental illness.

Really.

He likes being the Lord of his domain. He loves the power and status of grants him over the plebs.

Other people do the work, he power trips to feel self important.

Tesla literally have handlers designed to keep him from doing things but make him feel like he is.

It's an addiction for them. Wealth and power, you can never have enough to feel satisfied.

Points. He has more points than that other billionaire, so he wins!!