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Not hot take: Musk is a pos. Hot take: he deserves to keep the package. Tesla increased $550B in value, of which 90% went to investors and 10% to him should he
by az226 3y ago
Not hot take: Musk is a pos.
Hot take: he deserves to keep the package. Tesla increased $550B in value, of which 90% went to investors and 10% to him should he kept his package. It was extremely unlikely that he would hit the targets. The value of the “options” back when he was conditionally granted them was like $50M. They only grew in value astronomically because he increased the market cap an insane amount. This feels like a casino nullifying a roulette spin because the croupier didn’t spin it fast enough after it landed on 14 and you bet on 14.
$50M over 6 years, which at the time most likely wouldn’t have been needing to paid out at all unless he met the unfathomably unlikely targets.
- itsoktocry 3y ago>The value of the “options” back when he was conditionally granted them was like $50M. Getting the options was contingent on market cap, so not sure this makes sense. Besides, this is about Elon running over a captured board. When you read the series of events that lead to the pay package, that part makes more sense. Remember, the board also had to return money...
- hackerlight 3y agoDid you read the article? The ruling wasn't because it was too big it was because he got a bunch of friends to juice up his comp.
- meepmorp 3y agoIt's against the rules to call out people for not reading the article, no matter how obvious.