It’s official: Tesla’s board collectively enriched themselves at shareholder expense to the tune of nearly $1 billion. https://lnkd.in/emjdcNJQ On Wednesday, Delaware’s Court of Chancery approved a settlement that will see numerous past and present non-executive directors return a portion of their compensation, resolving a nearly five-year-long legal dispute over alleged excessive pay. “We’re very pleased with the chancellor’s ruling,” Andrew Dupre, an attorney for the shareholders, told Reuters on Wednesday. Read more: https://lnkd.in/emjdcNJQ
Humorous to see all of the negativity around Elon Musk. I can't imagine trying to find another person doing more for society than he currently is. Tesla made battery cars more acceptable than the Big 3. SpaceX is doing things that were never considered previously. Starlink is providing services access to communication in places that really need it and free in times of natural disaster. X is no longer controlled by politics and free speech has returned to the former Twitter. The Boring Company, etc. etc. We need about a dozen Elon's, but he is one in a billion, the reason he is worth billions.
He is back to hawking his wares at the Malls again.
#Clawback is real! #boeing? #banks that went kaput?
So they agreed, like other directors of other companies that get stock in the company?
How did this even pass in the first place?
Musk is a toxic leak to rival Chernobyl
And what Board of Directors have not?
Elon Musk deserves his compensation. Period.
Enjoying life let’s take a hike, take the time to absorb beautiful nature around you. Everyday is a great day to capture a moment in life & time in a photo 📷 get your camera out.
4hLOL So what he's got the family Gem mine do you think he really cares? This guy has done nothing but buy others great ideas & then pass them off as his work product. He proves that if you have enough money the world will just assume your smart. You know it take a lot of brain power to right a check. They love him because he's rich thank his Grand Daddy.