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They paid themselves ~$90M (priced at the time of grants) in a period of 3 years, When lawsuit was filed stock was just 3x-4x from the grant times. Seems to me
by woobar 3y ago
They paid themselves ~$90M (priced at the time of grants) in a period of 3 years, When lawsuit was filed stock was just 3x-4x from the grant times. Seems to me you are spinning that number in the opposite direction for some reason.
Here is complaint: https://cdn.arstechnica.net/wp-content/uploads/2023/07/tesla-detroit-shareholder-complaint.pdf https://cdn.arstechnica.net/wp-content/uploads/2023/07/tesla...
- ajross 3y agoFWIW, there was absolutely no attempt at spin on my part. If that $90M number was extractable from the article, I would have cited that. Clearly you agree that the $735M number that appears in the headline is incorrectly spun, right?
- dghlsakjg 3y agoIt says exactly how many options were issued. Pretty easy to multiply that number times the stock price at the time the deal was made.
- woobar 3y agoI do not agree. Today Directors returned this much money, and headline correctly reflects this. If headline said something like “directors were paid $735M back in 2020” then it would be a spin.
- ajross 3y agoThey "returned" $735M, but they never "took" $735M, did they? Seems like you're digging in on the spin. Surely you agree that the distinction is relevant to the headline, right?