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A large % of the $44B that Elon paid is likely in unvested RSUs. Firing people is a way for him to save money for sure. You can probably find this number in th
by tetranoir 4y ago
A large % of the $44B that Elon paid is likely in unvested RSUs. Firing people is a way for him to save money for sure.
You can probably find this number in the 10K or 8K
- firebones 4y agoIt's typical for unvested RSUs to accelerate and vest on change in control. Based on the 10k, there were about $2.2B worth of unvested RSUs at the start of 2022. Musk's $44 billion likely covered some or all of that (or whatever % vested and/or wasn't already forfeited) so it's unlikely there is any real savings. Unless some of those RSUs converted to Private MuskBucks, then he may be saving something.
- coredog64 4y agoAllegedly Twitter employees with unvested RSUs were scheduled to get equivalent cash payouts on the same schedule as RSU vesting. I don’t think this will solve his debt problems, but it’s gonna move the needle.