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But the shareholders voted for it again. If the board and shareholders all agree to pay the CEO a share of their money, who some judge in delaware to disagree.
by JamesBarney 2y ago
But the shareholders voted for it again. If the board and shareholders all agree to pay the CEO a share of their money, who some judge in delaware to disagree.
> If this stock starts being liquidated at any significant volume, the stock will also definitely drop. Even if these holdings are to be doled out & possible exercised, it sure seems like the company could hire & keep a lot of great people with this stock holding.
Yeah but maybe not Elon, and I believe based on this vote the shareholders fear losing him.
- jauntywundrkind 2y agoIf he illegally appoints a board of yes men who remain faithful to him, then it doesn't matter how the board votes: it's not a legal & legitimate board looking out for the company as a whole. That case has already been decided. And the board re-voting doesn't change that outcome.
- JamesBarney 2y agoMaybe you missed this but it was the shareholders who voted for it again. Not just the board members. The concern was that even though the shareholders were fully aware of the package and voted for it maybe they relied on the expertise of the board to make sure it was a fair package.
- JamesBarney 2y agoAlso he didn't illegally appoint the board. That was not the issue in this case.