You realize it’s also possible to have individual reasons for each one separately from each other lol
What’s important here is:
a) The BOARD should not have had that power. It should have gone to the SHAREHOLDERS.
b) “To review: Musk’s all-stock pay package, awarded in 2018, has been embroiled in controversy and was struck down by a Delaware court earlier this year, with the judge finding that Tesla’s board didn’t act “in the best interests” of Tesla shareholders by approving the $56 billion award.
Since then, Musk and Tesla’s board, led by chair Robyn Denholm, have been advocating rather forcefully for Tesla shareholders to approve a newly submitted pay package, which is very similar to the original 2018 award invalidated by the judge.”
c) It DID go to the shareholders.
d) The SHAREHOLDERS awarded it to him.
e) THAT was appropriate.
f) Again, the BOARD SHOULD NOT have awarded it directly to him.
g) the lawsuit in Delaware WAS CORRECT:
h) Like it or not. I’m right.
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PS: Before I posted that, I double checked the %’s of the majority shareholders. They were mixed in their support of it, some for and some against.
However, there was enough retail shareholders as well and they were the correct people to award the $46 billion (dropped in value since 2018) to Musk. The board was not the correct people to award it.
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