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> And then Musk did in fact create a trillion dollars of shareholder value, earning his big pay package and making the shareholders happy. Apart from the usual
by ZeroGravitas 3y ago
> And then Musk did in fact create a trillion dollars of shareholder value, earning his big pay package and making the shareholders happy.
Apart from the usual CEO worship, isn't the fact of the case that the rewards were assigned for targets that internally were already assumed to be met?
- s1artibartfast 3y agono, It was a mutlti tier bonus. The very lowest had a high chance, and the highest were understood to be very unlikely. That said, the case didnt turn on the question if they were likely. It was based on: 1) incomplete disclosure that the compensation team may have conflicts of interests, which opens the door for arguments that the comp wasnt fair, and then 2) an argument that it wasnt a fair deal because 50B provided no extra motivation because Musk already had enough stock to motivate performance