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> Try going to your boss, promising you will never, ever leave and then ask them for a raise. That was not a raise, it was a contingent payout. One could argue
by credit_guy 3y ago
> Try going to your boss, promising you will never, ever leave and then ask them for a raise.
That was not a raise, it was a contingent payout. One could argue that kept him focused. Once done, he could scatter his attention to things like hostile takeovers and the meaning of free speech.
- kklisura 3y ago> At a high level, the “6% for $600 billion” argument has a lot of appeal. But that appeal quickly fades when one remembers that Musk owned 21.9% of Tesla when the board approved his compensation plan. This ownership stake gave him every incentive to push Tesla to levels of transformative growth—Musk stood to gain over $10 billion for every $50 billion in market capitalization increase. Musk had no intention of leaving Tesla, and he made that clear at the outset of the process and throughout this litigation. One could argue, as judge argued in the above excerpt, that his 21.9% ownership (before this compensation) of Tesla is what could keep him focused...
- credit_guy 3y agoOne could argue, but it would not be true, because in the real life it obviously didn’t keep him focused (see X, formerly known as Twitter).
- ImPostingOnHN 3y agoIn the real life, his twitter antics happened while he believed the compensation scheme would be fulfilled. So real life kind of proves that the compensation scheme didn't provide the sort of focus spoken of here.