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The board believed (quite reasonably) that Elon had the power to determine the trajectory of the stock over the next 5 years, and they acted on that belief by t
by Meekro 3y ago
The board believed (quite reasonably) that Elon had the power to determine the trajectory of the stock over the next 5 years, and they acted on that belief by tying his compensation to particular stock goals. The board then put that compensation plan to a shareholder vote, and the shareholders approved it.
The stock hit those goals, and Elon got paid.
Then one guy with 9 shares said it's not fair, and got a judge to agree.
- ModernMech 3y agoI love it, the legal system really is a great equalizer sometimes.