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Tesla had $50 whatever billion worth of stock before his deal, they had it after the deal when Delaware ruled in the shareholders’ favor and they granted it to
by mikeyouse 2y ago
Tesla had $50 whatever billion worth of stock before his deal, they had it after the deal when Delaware ruled in the shareholders’ favor and they granted it to him again following the subsequent shareholder vote. It’s a real ‘flexible’ use of the word confiscate when the confiscating party never had a dollar of the confiscated funds…
I’m sure Elon is annoyed he has to follow basic corporate governance, but that’s kind of the point of governance.
- rKarpinski 2y agoSo it wouldn't be confiscation or a punishment if the courts said you owed me a few years of your salary - because theoretically I could decide to give it back to you in the future? If you want to wire me a few years of your compensation I will gladly accept.
- mikeyouse 2y agoI don’t have a fiduciary obligation to you, so this analogy falls apart pretty quickly.
- rKarpinski 2y agoDon't worry about the paperwork.