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How about the possibility that the cost of lying is less than the capital gains that can be realized by lying about it? EM was only fined $20 million when he sa
by rchaud 10mo ago
How about the possibility that the cost of lying is less than the capital gains that can be realized by lying about it? EM was only fined $20 million when he said he had secured funding to take the company private at $420/share [0]. The stock bounce from that "news" was in the billions.
As it stands, he can get a trillion dollar pay package if a something-trillion market cap target is hit.
https://arstechnica.com/tech-policy/2024/04/elon-musk-loses-at-supreme-court-in-case-over-funding-secured-tweets/ https://arstechnica.com/tech-policy/2024/04/elon-musk-loses-...
- BrenBarn 10mo agoYes, that's the problem. The fines for his actions should have been at least a hundred times greater, maybe a thousand times greater.