Tesla seeks to award Elon Musk $56bn pay package
www.bbc.com
The deal, if approved by shareholders and judges, would be the largest in corporate America.
  • filister@lemmy.worldOPEnglish
    89·
    3 months ago

    It comes just days after Musk announced plans to cut more than 10% of its global workforce.

    In a memo issued to staff Musk said there was nothing he hated more, “but it must be done”.

    I am speechless, are his employees and shareholders buying this ****?

    • hahattpro@lemmy.worldEnglish
      39·
      3 months ago

      No, most shareholder don’t have voice in big corp. Only a handful of shareholder who invest ton of cash can speak

      • Serinus@lemmy.worldEnglish
        3·
        2 months ago

        Most of TSLA is held by retail. Institutional investors are around 13%, Elon is around the same. (From memory)

        Elon said he and his brother will abstain from the vote. They’re also going to spend millions to influence the vote.

        It’d be pretty stupid for the shareholders to approve either. They also want to move the incorporation from Delaware to Texas, because apparently Delaware isn’t corporation friendly enough.

        It’ll be interesting to see whether common sense or propaganda is more effective on TSLA retail shareholders.