Elon Musk’s $46B Pay Package: Four Ways the Vote Could Unfold | WSJ
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Published 2024-06-12
WSJ looks at the four ways the vote could go, and how the outcomes could affect the future of Musk and Tesla.
Chapters:
0:00 Musk’s pay package
0:47 Where things stand
1:45 Legal scenarios
2:55 What the vote means for Tesla
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All Comments (21)
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It has never been done where a board awards a pay package and the CEO meets all the milestones that a court then reverses it.
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The questions should be around how it is possible to even retroactively remove the deal, it is super anti-capitalist. The government is deciding what is important for Tesla shareholders for them, this is not the governments money it is investors to decide.
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To spend 46 billion you need to spend 2300 dollars a minute for 62 years.
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This is outrageous.
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CEOs paychecks are such a nonsense. See "The Most Overpaid People in the WORLD - "CEO's"" . A company is successful because of a lot of key players, I am not saying absolutely each and every employee, but still a big percentage.
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No one thinks Tesla is a robot company atm
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Atleast Americans on internet acknowledge the income inequality and billionaire privileges. Here in India when ambani threw his multi million dollar pre wedding party where he have Rhinna like $8 million to perform at a pre wedding party and when some people called out about the inequality the common Indians actually defended billionaire and feel proud of him being richest man of Asia. Sad that a country where 200 million people can’t get food for two times has billion dollar wedding
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WSJ did not once mention that the original plan was approved by 73% of Tesla shareholders.
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It's more than the company has ever made
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If he walks then the value of the stock will crater overnight. And then if he sells the shares he already owns (which is very likely if he walks) then the values will drop even further. The shareholders basically don't have a choice but to re-approve the package.
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Yeah it is a lot of money, but have you think about if the company went the other way. Will the judge pay him if Tesla went bankrupt instead?
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I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2024
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This package is not about current work but past work. If he accomplished his metric pay the man. They were not easy metrics to hit
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When he was signing they never knew the future market and then now that he pulled it off they want to take back the deal??? That's totally unjust. They should honour the deal.
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It's all about market cap, nothing is said about profitability. Strange deal!
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This will end in a legal battle anyway. 🙄
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Since when do courts decide against the majority of shareholders? Does government now run public companies? Ridiculous
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I wonder how many of those commenting can afford and maintain a Tesla 😂😂😂
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"I put $100 million in SpaceX, $70m in Tesla, and $10m in Solar City. I had to borrow money for rent." Whats he going to do with $56B is what they're afraid of.
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Thanks for keeping us updated! I feel sympathy and empathy for our country. low income people are suffering to survive, and I appreciate Deborah. You've helped my family with your advice. imagine investing $30,000 and receiving $95,460 after 28 days of trading.
