• Hoping for 56B

    From Retrograde@21:1/5 to All on Sat Mar 15 17:00:01 2025
    https://www.theregister.com/2025/03/12/elon_musk_appeals_voided_pay_package/

    As Elon Musk makes thousands of federal workers jobless, tycoon pushes
    for $56B Tesla pay deal 84 comment bubble on white
    Not so much thrown under a bus as under an unwanted electric car
    E
    Elon Musk is trying yet again to get his $56 billion Tesla pay package reinstated with a fresh appeal to the Delaware Supreme Court.

    In court documents filed yesterday, Musk's legal team argued Delaware
    Court of Chancery Judge Kathaleen McCormick made multiple legal errors
    when she voided his pay package - first in January 2024, and again
    later that year after Tesla shareholders voted to reinstate it.

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  • From JAB@21:1/5 to [email protected] on Sat Mar 15 19:17:01 2025
    On Sat, 15 Mar 2025 17:00:01 -0600, Retrograde
    <[email protected]d> wrote:

    As Elon Musk makes thousands of federal workers jobless, tycoon pushes
    for $56B Tesla pay deal

    His 'me me' tunnel vision is laser focused

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    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From JAB@21:1/5 to [email protected] on Sat Mar 15 21:44:22 2025
    On Sat, 15 Mar 2025 17:00:01 -0600, Retrograde
    <[email protected]d> wrote:

    As Elon Musk makes thousands of federal workers jobless, tycoon pushes
    for $56B Tesla pay deal

    Footnote: I hope this happens soon.

    AI Overview

    Yes, in certain circumstances, stockholders can sue a CEO, typically
    through a derivative lawsuit, alleging the CEO breached their
    fiduciary duties or acted in a way that harmed the company's
    interests.

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