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You keep talking about the judgement. You don't have any clue about the actual award. The shareholders crushed it. I have financial freedom forever because of i
by enslavedrobot 3y ago
You keep talking about the judgement. You don't have any clue about the actual award. The shareholders crushed it. I have financial freedom forever because of it. You think we're going to claw back what's fair because of a technicality.
50 billion is not important to Tesla's growth, we already run the most capital efficient R&D in history. Apple spends more than than that per quarter on R&D and they still fail to innovate. Tesla's manufacturing innovation success is down to innovation not spending. You could put Musk in charge of apple and he would save you 50 billion on the first day.
Look at Facebook, they were going full tilt on some weird virtual world, blowing 10 billion a quarter on it. Then after Musk fired 80% of twitter eliminating bloat, every tech company followed suit and now Facebook is absolutely killing it. Focus and leadership matter more.
The strange conflation of hatred for musk as a person with stupid ideas about what shareholders in his companies should do should stop. The dude is an asshole but he is hands down the greatest capital allocator in the history of the world.
- ImPostingOnHN 3y ago> You keep talking about the judgement That's to be expected in a HN story and discussion literally about the judgement. Two parties disagreed, and a judge listened to both sides, judged the disagreement, and came to a judgement on the facts of the case (stated in my above), and on which one of the parties was right, and which was wrong. Maybe you think shareholders will re-approve an agreement re-negotiated with new directors, and this time he can't defraud shareholders, but I doubt it, and it's not really relevant here. The clawback is done, on behalf of shareholders. I appreciate the shareholder who brought the lawsuit on my behalf. I get everything I had before, plus 50 billion dollars worth of wealth is going to make us, rather than elmu, more money. Win-win (for us)! The rest of the post is mostly fawning over musk [0][1] and opinions about the nature of reality which were carefully considered and then overruled by the judge. It really feels like some folks are having trouble accepting the realities that the judge laid down about how elmu defrauded shareholders. How else to say it?: If someone disagrees with anything the judge said in their judgement [2], that someone is incorrect. The shareholders did indeed crush it, with this ruling. This was a shareholder lawsuit brought against elmu for acting against the interests of the shareholders, and he lost, because that's precisely what he did. You personally being okay with it, doesn't change that. The article here is a good link, but I encourage you to read the judgement against elmu in full – that is linked for you in my above post, as well as below [2]. Also, looks like you played the '"hatred" for musk' card. That gives me a bingo! [0]: "You could put Musk in charge of apple and he would save you 50 billion on the first day – I think we both know he'd try to cost apple 50 billion too, like he did Tesla, which he'd spend on another social network to shitpost on instead of doing an actual job. It's not like he actually innovates ('lol look at my kitchen sink joke and anti-semetic conspiracy theories what an innovation'). Apple would keep on keeping on with or without this particular inflammatory figurehead, just like Tesla would. [1]: the theory about his huge twitter failure causing their competitor to succeed, and this is somehow an indication of his good management, is... interesting :) [2]: (PDF warning) https://assets.bwbx.io/documents/users/iqjWHBFdfxIU/rpaOEefQse00/v0 https://assets.bwbx.io/documents/users/iqjWHBFdfxIU/rpaOEefQ...
- enslavedrobot 3y agoI hope you reflect on this post when the new compensation package is adopted by an overwhelming majority. Sadly many poorly informed people lack the capacity to change their minds.