3 ms·
It doesn't matter. You can't get your compensation package set by your friends in a public company and then say it was okay just because the company did well. A
by hackerlight 3y ago
It doesn't matter. You can't get your compensation package set by your friends in a public company and then say it was okay just because the company did well. Agents are supposed to represent the shareholders' interests.
- YeBanKo 3y agoThey did. Board approved, shareholders approved, the company hit the milestones.
- hackerlight 3y ago> Board approved, shareholders approved All covered in the judgement. Shareholders can't act in their best interests if they don't know that the advice they're getting is a product of conflict of interests instead of a genuine independent recommendation. > the company hit the milestones. Irrelevant since we don't know if the company would have hit those milestones regardless. The ruling covers this, in her judgement Elon had sufficient motivation with existing equity that the pay package was unnecessary from the interests of shareholders.