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All the reasons listed why Elon shouldn't be paid according to a contract he had before hand, that got re-ratified by shareholders, amount to "the Law should wo
by h2odragon 2y ago
All the reasons listed why Elon shouldn't be paid according to a contract he had before hand, that got re-ratified by shareholders, amount to "the Law should work different for people we don't like", no?
- sdwr 2y agoThere are plenty of situations where majority approval shouldn't be accepted. Matt Levine talks about one a lot, where a company in bankruptcy agrees to honor the claims of 51% of its creditors and blow off the others.
- dfhvneoieno 2y agoExactly. Countries don't work like _literal_ democracies of the 51% majority, and neither should companies.
- FabHK 2y agoThe article and its predecessors lay out the legal doctrines under which company CEOs can’t just take whatever they want from “their” company.
- wrs 2y ago> “So,” asked the Chancellor, “this has never been done before?” After a bit more rhetorical contortion, Ross finally admitted that, “Yes,” this has never been done before. So no, it’s more like “we don’t make up new law to give people you like whatever they want”.