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Well, not too much justice. From the link
"Lyndon and Peter Rive are among 15 top-paid U.S. executives".
That was including the options which he lost now.
Over last several years Rive's made a measly 300K/annum. That's less than a lowly manager's comp with a small team of 5 to 6 people in Silicon Valley.
The shares they sold in 2014 and the remaining that they continue to carry are from way before, even before ipo.
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What is this, a dumping ground for the two of you now? This company is about to be part of Tesla, so quit your whining. Good day.
Nope, not really. It's a pumping ground.
We just try to provide a bit of balance. But clearly, it's not working
They're probably jumping to conclusions. Chances their compensation is renegotiated to have an equivalent in TSLA.
jhm
Well-Known Member
Updated: Headed for the exits, Nevada PUC Commissioner David Noble lifts lid on net metering fight
This is interesting Nevada PUC commissioner Noble claims that the solar industry never provided any evidence on the benefit of rooftop solar, and yet this was in fact submitted in TASC's testimony. It sounds like Noble did not bother to read solar testimony. So if Noble is wrong on a basic point of fact like whether evidence had be submitted or not, how will the court reviewing this case view the actions of the PUC. It seems some really basic points of process had broken down.
This is interesting Nevada PUC commissioner Noble claims that the solar industry never provided any evidence on the benefit of rooftop solar, and yet this was in fact submitted in TASC's testimony. It sounds like Noble did not bother to read solar testimony. So if Noble is wrong on a basic point of fact like whether evidence had be submitted or not, how will the court reviewing this case view the actions of the PUC. It seems some really basic points of process had broken down.
The $47 million in stock he sold in the last three years was almost certainly earned as part of his compensation. Almost all the insiders were dumping stock, likely because 1) They saw real competition entering the market, and 2) The ITC set to expire.
You can see in the filing here. Rive brothers did not get any stock or options in 13, 14, 15 (the ones they got in 15 are getting cancelled).
I read on Bloomberg somewhere that Rive brothers didn't get an equity or option awards since IPO.
So it can be deduced that the shares they sold in 14 are from their stakes before IPO.
Why all insiders were selling like crazy, I guess we all understand that now. They were exiting out off a sinking ship as fast they can.
Not sure if they really need justice anyway, considering SCTY was nothing not that long ago and they've followed their mission statement.
doggusfluffy
Closed
Thanks for the post. So it seems the Nevada Supreme Court has put this to Sandoval to decide. Since he axed Noble (previous PUC chairman) we shall see who he appoints as it will decide how this will go.
From my perspective, this is what he probably has to consider.
NV Energy (Buffet money), status quo with additional (1 billion?) investment by Berkshire Hathaway. Maybe 100-500 jobs for a new plant.
Tesla/Solarcity (Musk money), with new GigaFactory, 10k direct manufacturing jobs projected for now, more likely later. Hmm... Good manufacturing jobs, something this state seriously needs to diversify from Gambling.
We shall see. Guess the (technically unofficial) state motto "Battle Born" rings true here. I will just amend it to:
"Billionaire Battle Born"
TheTalkingMule
Distributed Energy Enthusiast
Nope, not really. It's a pumping ground.
We just try to provide a bit of balance. But clearly, it's not working
It's working.....for those who are paying attention. And I wouldn't use the term "we", as pretty much every SCTY bear here other than yourself lacked any substance whatsoever in their posting. Hating on something is not the same as having fundamental concerns.
I haven't been following too closely over the last 60 days, but you certainly nailed SCTY at most turns over the last 9-10 months. Kudos to you for not starting an "I was right all along" thread! Personally I find your views a bit too gloomy for an Elon-run company operating in such a sure-thing growth sector, but the concerns were certainly real.
To me, there was never a scenario any worse than the one we're in right now where Elon folds SCTY into TSLA. People WILL be buying(leasing) all-in-one solar/battery/car solutions from TSLA by the boatload, it's just a shame that they couldn't get over the hump in time to make me rich. I somehow underestimated the level of regulatory corruption and over-rated consumer apathy. Shame on me.
I will wait for my residual TSLA shares to hit $320 and break even on my SCTY gamble. A year at most?
Mario Kadastik
Active Member
If Q3 is blowout and vote is in Q3/Q4 with shares recall prior to that you may see it still this year
Thanks for the kind words Mule
appreciate it. For the record, despite my views being largely bearish for a while now, I was never short the stock. After my long exit trade, I used to follow the thread and post merely as intellectual curiosity. With the recent merger talks I became lot more active just like many other TSLA players.
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