It’s not like nobody knew about Elon’s relationships with everyone on the board. It was common knowledge. I bet 80%+ of shareholders knew that. I still voted in favor, and I would again. I have about 1000 times the number of shares that the plaintiff had. Yet he gets to overrule my vote which has 1000 times the weight?
No. The CEO plan was dilutive and based on issuing new shares. The only real cash impact to Tesla was going to be payroll taxes on his earnings at execution. The previous charges were GAAP accounting items.
Factually there should never be disinterested CEO's, after all they receive compensation of some kind so they are not disinterested. A recent of that disinterest (or actually uninterst) is the Boeing CEO Dave Calhoun who works from homes in New Hampshire and South Carolina and lets other senior executives work form home also. That yields the results we so famously see. Boeing, a Delaware Corporation has no litigation about the catastrophes brought about by Mr. Calhoun doing share buybacks and ignoring quality control and new aircraft design. He's rarely seen in actual Boeing offices much less factories. Complaints about compensation? Nope!
Wait... what 2012 compensation plan?
Someone zoom in on that yellow tag...see how much they want for that one
He didn't overrule it,the Judge ruled that the vote was based on a plan from an impartial board. I would be happy to give Elon the package but the lawyers/board at Tesla dropped the ball here letting a court case like this possible.
The inability to add dual-class shares is a NASDAQ/ NYSE restriction, not a Delaware one.
Agreed. In addition, one has to ask what is real, and what is illusion here? The whole thing smells so fishy I can’t make heads or tails of it, my mind explodes with so many questions. Yet again I wake up to find stories that seem all illusion/deception and no reality, which is pretty much how I feel about everything that comes out of my electronic devices these past four years. Nothing digital corresponds to how the real world works when I’m out digging in the dirt, doing real work with my hands, talking to real people, using machines myself, etc.
That's the birth tag. What's it's name? (Of course they get a name, how do you call them when there are 2 or 3 around?)Someone zoom in on that yellow tag...see how much they want for that one
This is from the SEC filing.Wait... what 2012 compensation plan?
Hopefully people get over this yesterday already. So please, only post something informative, creative, or funny (not holding breath). The Delaware ruling would have come as no surprise to Tesla; let this play out and see. It will likely be swift, and it's outside of our control. The board probably all knew this outcome back when the 25% goal was proposed, and sooner. Perhaps this is even why the new package was introduced.
Personally, I'm so done with status quo (anything). The planet's on a train wreck X2 with the latest errors in Climate Sensitivity. Elon's compensation should be one of the last worries for humanity (and all current forms of Earth life for that matter).
Gen 2 Optimus had a toe piece added, so not flat anymore.
Agreed. I’m 99% sure Facebook has a dual class share structure.
Elon did say "in Delaware" in the original post two up in this chain, but I think he was just uninformed on the particulars at the time.
Not going to give you a "disagree" for this, but as an attorney I'd like to generally inform TMC readers that this is factually incorrect. The Burden of Proof in general lies on the plaintiff but there are exceptions.
