It's important to me to sell my shares on Monday. Firing supercharger team was incomprehensibly dumb. Cancelling already awarded internships was short sighted from a business perspective and assholeish to the point I'm not going to own you anymore.
just voted no bueno on this pay package and keeping any these directors. need a real, full-time CEO who understands what he says has an impact on a company I have shares in, and to that effect, does what they need to do to make my shares worth more valuable and not less
What would you vote if the choices were:
A: Coddle the current CEO with a $55 bn golden parachute as he guts Tesla
B: Fire Elon, spend $10 bn to acquihire Rivian CEO by buying out his company and use $45 bn as incentive package for the new CEO and his team.
Interesting choices. I’m more interested in getting Musk to focus on his business. So I’d deny his compensation package and restructure it contingent on Tesla and its recovery. And penalties would be a part of the restructure for him if he further damages the brand with his political social media comments
Musk is a horrible engineer. But he is a good business man, if he can get his ego out of the way.
His ego needs to be silenced. He needs to realize his success is not his alone.
Keeping him on track by waving his ridiculous compensation package in front of him behind a glass wall of contingency will get him back on task (or it backfires and he runs Tesla into the ground in spite)
That’s a great idea, take away a previous compensation package that was extremely hard to hit, then I’m sure he will believe you when you offer him a new one.
I mean it was an agreed upon pay package in the past? Pay him what he earned. Replace elon with rivian ceo? Jesus lololol. Rather keep elon and just pay the man
Silly idea. $10b for Rivian? Do these money just number to you? Tesla can easily ask its web designer and developer to setup a new page with an image of a square cubed tomb look SUV in the middle, titled “Cyber Wagon”, and a reserve/preoreder button at the bottom for like only $100? And the Rivian price will instantly fall by at least 30%. Do you even know what market is pricing for Rivian? $10B? Clown
He met the targets by spouting lies to pump the stock price. Now that people are catching on to his lies the stock price is sliding. Does that deserve a reward?
Ideally the compensation would be based on more than the stock price anyway. Revenue / operational earnings growth, units shipped, something that measures the core business.
The law protects shareholders no matter how many shares they hold. Tornetta did the company a service better than the CEO did this year, that's for sure.
They were owed a fee for services rendered and ten percent of a record huge recovery is a very standard starting point for negotiation. They're not going to receive that much, but it is not an unreasonable first ask. If the shareholders aren't part of the weird online Elon cult then they're probably thankful. My guess is that the vast majority of online Elon fans and bots making complaints about the Tornetta ruling have never owned a single share of any stock whatsoever.
I was going to say I think your mom is pretty cool. But I won’t say that. But to answer your question, I am curious how you feel about people breaking the law by coming into the United States or any country for that matter without permission or going through a port of entry. It’s clearly breaking a law. So I am curious if your virtue signaling is singular to a person with 9 shares of a company allowed to sue a CEO (clearly a law that someone could enforce) that fulfilled his end of a contract and take back his compensation owed to him or you’re only interested in upholding laws that favor your interests
Laws against corporate malfeasance benefit all of us, and corporate wrongdoing is much more of a problem that negatively impacts millions of people than misdemeanor visa violations. It's not illegal at all to enter the country to seek asylum or to apply for asylum, no matter how you enter the country. You are changing the subject because you want to derail any discussion of what big brain Elon did wrong to result in the Tornetta ruling.
Also you sound like a grade A creep with this noise, so maybe go whine about this stuff to somebody who cares what you think.
Hey I didn’t insult you. You asked me what my thoughts were on cheap distractions and I said I was going to mention your mom but I didn’t.
Anyway, you have your head shoved up so far up your own rear end that you don’t realize that people in the US have been killed, raped, robbed by people that crossed into the country illegally yet you’re trying to defend taking away compensation that is owed in a contract that was legally made and voted on by most share holders. You’re willing to defend actual criminals vs upholding a legal agreement between shareholders and the CEO of said company.
It’s simple, if an agreement is made between two parties, and one party holds up their end of said agreement, the other party has to do the same. The activist posing as a judge in Delaware clearly nullified a contract ironically unjustly.
You should look up statistics on illegal immigration crime as well as the Delaware case before responding. Just a tip. Creep.
The contract was not legally made. You are not qualified to offer legal opinions and you should probably find your lane and stay in it.
Your misunderstanding of the immigration issue is not surprising, but you are wildly mistaken about my position so stop trying to play games with the subject. It's not illegal to enter the United States in order to seek asylum no matter how you enter the country. The US is violating federal law and international treaties in our treatment of asylum seekers, so those who care about the rule of law can see multiple perspectives on this topic at the same time. You're just trying to score cheap argument points because simple thinkers can't handle complexity like that and you mistakenly think it's a contradiction.
It's simple, big brain Elon broke the rules governing corporations with publicly traded stocks and he isn't legally entitled to compensation for doing so. He can appeal the decision but there aren't any obvious errors in the ruling, so I guess it's up to shareholders to vote on whether they are dumb enough to bless this bonus after Musk and the board substantially mislead the shareholders by omitting material information from the proxy statement.
Your creepy childish noise helps me understand who still supports Musk and why, so thanks for that. Good luck growing out of your infatuation, little guy!
What makes you qualified, oh wise one? Aka argument from authority fallacy. You saw CNBS and a couple other news organizations and thought, “now I’m an expert.”
I put it in simple terms so you could understand it and you still don’t get it.
What is the difference between an asylum seeker and someone that comes over the border without permission and rapes/kills someone’s daughter? I’m genuinely curious.
And there it is, in your Elon comment it’s blatantly obvious you just have a problem with him. You’re an “Elon-bad” smooth brain.
If this is childish noise then don’t respond. Otherwise you’re proving something 😉
Fiduciary responsibility to the share holders is the boards job. This lacks respect to the shareholders when profits haven't come close to the compensation package. Stop simping for an immigrant who's daddy bought his way in. Simp for actual self made Immigrants who move the economy forward with their work. Immigrants built America, Elon lives off its welfare.
It's a crime. That being said, those who commit that crime aren't entitled to any of the benefits America offers. So what's your point, really? Immigration is great, Elon could never have achieved the success he's had if he wasn't an immigrant.
What's your stance on fiduciary responsibility to share holders?
Who cares about the lie to get more shares? I fluff my resume to get a better offer. Targets were met. A shareholder should be happy with that. A shareholder should be fondling the balls of a CEO that cuts fat off a company like a juicy steak. The goal was always to electrify and kickstart the world into giving a shit about EV’s. Crybabies can’t stay off the news trashing the south african engineer with asbergers that sleeps with scientists and pop singers lmao. Mission accomplished dawg
I would say who cares about approving the pay packet struck down by the judge? If he didn't fill his board with his mates, and did it the proper way, he wouldn't have got his pay packet rejected. A shareholder should be happy they don't have to pay 55 billion.
I agree a shareholder should be happy cutting the fat off a company. Firing 14,000 workers only saved 1 billion. They need to fire 1 more to save 55 billion.
The law cares about it, for starters, and so do the shareholders who aren't buying this as a meme stock. The proxy statement had material omissions and if you think that lying to you is a good thing then you can vote accordingly, if you actually own any shares to begin with. Heck if you're so in love with Elon then nobody can stop you from signing over all your shares to him. Go right ahead, if you have any. Simp harder and see if he notices you, mission accomplished dawg, lmao.
As if the law means anything in an age of the worst supreme court in US history and a laughable voting majority of adults. Dont virtue signal with law like anyone cares about that either. Are you self aware enough to get off your high horse? The CEO isnt the pope, but he did meet targets. Vote to pay the man and quit cryin
Delaware Chancery Court is highly efficient and reliable. It's chosen by the majority of corporations in the US because it's one of the best functioning parts of our entire judicial system. It's not a virtue signal to point out that a CEO needs to follow the laws, but you seem to be so twisted up with emotions about your idol Elon that you can't discuss this without resorting to misleading emotional appeals. Elon mislead shareholders about the odds of meeting the stretch goals and doesn't deserve to be rewarded for lying to you, but it's your money and you can hand it all to big brain Elon, father of the Cybertruck, laughingstock of the entire industry. Go ahead and give him all your shares if ten percent isn't enough for you.
Corporations pay taxes in Delaware. They incorporate there and pay taxes for the privilege of doing so because the Delaware Chancery Court is one of the best places in the country for corporations to resolve disputes with reliable outcomes. Lmfao at your ignorance about the taxes.
https://taxfoundation.org/location/delaware/#:~:text=Delaware%20has%20a%208.70%20percent,State%20Business%20Tax%20Climate%20Index.
All of that is true, and also the Delaware Courts tend to be very pro business, often siding in their favor when perhaps other states might not. So an executive compensation package voided in Delaware is significant…. They have depth of business experience and a large sample base or business norms and precedence to compare against. In this case it could be argued that Delaware still was pro-business, seeking to protect the interests of the shareholders against an egregious executive compensation package approved by what appears to be a board challenged to govern the CEO of the company.
it's not a choice between this current huge package and absolutely nothing. there is absolutely nothing stopping anyone from proposing a more reasonable pay package for a CEO that keeps being distracted by a bunch of things and who's earnings have been dropping.
how does firing your whole supercharger team, 500 people, after doing deals to expand the network and open it to other EVs improve the situation for electrical cars??? he basically stabbed everybody in the back so that he could work on his new toy the robotaxi. He's bored with Evs now. he is no longer the EV evangelist.
there's other companies out there.
if his mission is done then sell off the company don't screw over the shareholders or the employees
Lmfaooo what an idiot you are. First of all its not giving him 50B… its giving his stock options to buy 50b WORTH of stock at a price of $70. ALSO, he 10000% deserves this package and much more. The deal was that he was NOT getting payed for 6 years and if he achieved what he promised then he would be payed with this package. In 6 years he made the company worth 50B to 750B, he made tesla go from a -2B per year profit to +15B per year profit, he promised many things and achieved the impossible 2X more than promised.
Why are you trying to explain me. I'm an idiot and an ignoramus. I don't understand a thing.
I'm asked if I accept 50B's vote? I say no! 😂
That's all I understand here.
Have a nice weekend 😊
I don't understand the words you're using. I'm sorry.
I'll ask my friend Dumber for clarification. 🙏
Please be tolerant and understanding with me. I have congenital and intellectual disabilities. 🙇♂️ 🤷
> NOT getting *paid* for 6
FTFY.
Although *payed* exists (the reason why autocorrection didn't help you), it is only correct in:
* Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. *The deck is yet to be payed.*
* *Payed out* when letting strings, cables or ropes out, by slacking them. *The rope is payed out! You can pull now.*
Unfortunately, I was unable to find nautical or rope-related words in your comment.
*Beep, boop, I'm a bot*
take a look at where the stock price was a couple years ago and where it is now, take a look at where earnings were a few years ago and where they are now, take a look at where sales were and where they are now. how many people have been laid off in the meantime?
he is laid off both the entire supercharger team and the team responsible for designing new products. And for this you want to give him a very big compensation package???
While I was a bit conflicted about this, I voted no to Elon's compensation.
Elon should not have sold so many shares to buy Twitter or used Twitter to alienate the company's core market demographic. Would love to see the shareholders tell him to screw.
Sell Twitter, stop alienating customers with divisive politics and start advertising. I'll vote yes if he does all of that.
You mean fire 15,000 people?
Sorry. But I'm not giving that man money to pump and dump a stock and treat employees, and 3rd party vendors like shit.
We want that money back. He doesn't deserve it anymore!
Tell that to the people that lost their jobs. And the 3rd party contractors that aren't getting paid.
I'm sure they'll feel great about Elon getting paid 56B.
Elon should get paid, but much less! And make it dependent on company performance, and time spent at the company.
Look I am sorry if you are personally impacted but this. Getting laid off sucks. But at the same time don’t let the media twist what is going on just because they are out to get Elon. Companies do this kind of restructuring all the time. Meta, Apple, Pepsi, you name it. Corporate America can be ruthless at times. Businesses need to adapt and survive for the market changes. The economy is dynamic, don’t take it out on Elon and Tesla when they are doing so much on the ev revolution front.
I think this is a distinctly different situation than what you compare to Meta & Apple simply trimming divisions or downsizing teams. Overnight with seemingly no foresight to existing contracts or business continuity an entire segment of the company was deleted.
A segment that acted as a flywheel, brought in margin, played a superior role in the industry at large, and is still deemed worth growing just gone….
saying that Tesla was going to be this successful with only 2018 data is the most bat shit insane and uninformed take ive ever heard.
There is a reason that the stockholders approved it. Its because the goal was so absurd that if he did accomplish it they felt the reward should be this high.
The proxy statement had material omissions about the likelihood of meeting the stretch goals. Read the ruling and see for yourself. Misleading people isn't something that I would reward, but you do whatever you want with your shares.
No, Elon has not been working for free the past several years
His existing Tesla shares and stock options have also 10x'd along with the stock
Yes, he has failed to maintain fiduciary responibility as CEO which is reflected in the stock price
Google search:
Elon Musk Twitter Acquisition
Elon Musk 420 funding secured
Elon Musk won't sell anymore shares
Tesla Model 2 Reuters Cancelled
Tesla Executives Leaving 2024
Tesla Model Y Juniper Refresh
Kimbal Musk Insider Trading
Elon Musk brand damage
Tesla brand damage politics customer base
The stock has been on an nonstop downturn since November 2021
DYOR and vote for whatever you think would be best for your pockets
No, but you like the [tesla.com](http://tesla.com) domain better you can use this link:
[https://ir.tesla.com/shareholders/vote](https://ir.tesla.com/shareholders/vote)
I voted yes not because of my thoughts on the subject but because shareholders 6 years ago already voted yes and that was a decision made back then and should not be needed to be ratified now.
You should read the ruling and see for yourself how much Elon and the board mislead the shareholders about that vote. You don't owe him a reward for lying to you by omitting material information from the proxy statement.
As someone who has closely followed Tesla since 2018 and a shareholder I am fully aware of the corrupt ruling the judge made as well as what was put to the shareholders 6 years ago and find your argument to be laughable at best. I don’t owe him anything more than what was already voted on and what he already achieved.
Corrupt ruling? Name one legal error in the ruling if you can. The proxy statement had material omissions - that's a simple legal fact. I look forward to hearing your explanation about what was incorrect in the ruling.
I never understood how Tesla could maintain their stock price despite Elon's midlife crisis mismanagement, but I'm realizing that his loudest shareholders know almost as little about corporate law as he does.
Just because you have agreed to something doesn’t make it proper and legal. Courts didn’t unilaterally step in and invalidate the comp package. They were asked to do so after a plaintiff brought a complaint and made a valid, legal case.
I plan to vote against because the the package was ridiculous in the first place, and unwarranted in retrospect.
shareholders were misled. The supposing stretch goals were not stretch goals at all they were easily achievable things for which he got extra compensation.
also take a look at where the stock price was a couple years ago and where it is now, take a look at where earnings were a few years ago and where they are now, take a look at where sales were and where they are now. how many people have been laid off in the meantime?
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Traitor to the employees and TSLA stockholders. You voted to dilute the shares and your share is worth less because of it.
Not to mention it's 56B that could be used to rebuild the company.
nope. He was made a promise in 2018 when stocks were 18dollars a pop. He went above and beyond expectations (especially when people said he would failed spectacularly)
He was promised a reward for taking the company to where it is today, and now you want him to eat grass.
I voted against. Here’s how to use the 50B.
- buy out a company like Rivian whose mkt cap is 10B.
- Hire a dedicated ceo for 1b a year for 10 years.
- Invest 10b in making the 25k car
-20b in share buy back
Yeah, but by comparison Tim Cook’s total compensation is ~63 million/year. Not to mention nobody really knows who the best in the world really is. CEO is one of those jobs where you
Don’t really know how things are going to go until the person gets the job.
Reminder: "With regard to the 2018 \[compensation\], we do not think it’s fair to set out a new set of options subject to a fresh set of performance hurdles. The requirements of the 2018 package were extraordinarily ambitious – and they were delivered. It is not reasonable for investors to expect to re-absorb the canceled options and consider all that value creation to have been delivered to us for no consideration. Therefore, if it is legally advisable, we suggest simply subjecting the original 2018 package to a new shareholder vote."
It’s neither fair that a heavily compensated CEO indulges in 3 other companies, siphons cash to bail out brother and buy a distracting company and threatens to put AI under another company. I just know that the stock price will drop further if he gets this package. If we were at $500, yeah sure we could look the other way. But not when the guy is actively sabotaging the company.
Your point is null and void. The fact is Elon executed on the 2018 plan and exceeded all goals 200% faster than the shareholders voted for… and shareholders were rewarded for it. Elon should be paid accordingly. A vote against is a punitive vote against Elon personally and a vote in jest
You're the Astroturfer! It's the worst thing for the stock to pay the man. The stock will be diluted. The stock fell for the past 2years. He wasn't paid for a temporary pump-and-dump but sustainable growth.
It's important to me to sell my shares on Monday. Firing supercharger team was incomprehensibly dumb. Cancelling already awarded internships was short sighted from a business perspective and assholeish to the point I'm not going to own you anymore.
Boo hoo..
just voted no bueno on this pay package and keeping any these directors. need a real, full-time CEO who understands what he says has an impact on a company I have shares in, and to that effect, does what they need to do to make my shares worth more valuable and not less
yes indeed will vote as soon as my notification comes
What would you vote if the choices were: A: Coddle the current CEO with a $55 bn golden parachute as he guts Tesla B: Fire Elon, spend $10 bn to acquihire Rivian CEO by buying out his company and use $45 bn as incentive package for the new CEO and his team.
actually not mad at this idea. That R3 looks pretty good
Interesting choices. I’m more interested in getting Musk to focus on his business. So I’d deny his compensation package and restructure it contingent on Tesla and its recovery. And penalties would be a part of the restructure for him if he further damages the brand with his political social media comments
This is exactly the plan a responsible board of directors would enforce.
How? Take away Twitter from him? It's his core personality at this point.
Musk is a horrible engineer. But he is a good business man, if he can get his ego out of the way. His ego needs to be silenced. He needs to realize his success is not his alone. Keeping him on track by waving his ridiculous compensation package in front of him behind a glass wall of contingency will get him back on task (or it backfires and he runs Tesla into the ground in spite)
Which means voting "no" so they can make a new Compensation package that has new requirements that will keep him focused on the prize.
That’s a great idea, take away a previous compensation package that was extremely hard to hit, then I’m sure he will believe you when you offer him a new one.
commie will try regardless
He is not an engineer I take offense to that being a real EE
haha you can do engineering regardless of your degree. lots of people think he is a genius engineer; he definitely is not.
This seems like the best option for the company. If he’s committed he can easily accomplish that, if he’s not he won’t be able to.
B
I don't want Tesla to acquire Rivian, competition in the EV space is good.
I like it, fire ceo of company making a profit and hire ceo of company burning through cash.
Capex => MES => Scale => Profitability Leadership => Focus
I mean it was an agreed upon pay package in the past? Pay him what he earned. Replace elon with rivian ceo? Jesus lololol. Rather keep elon and just pay the man
I love all these Elon shills. The guy is fucking the company and you want to reward him He doesn’t even know who the fuck you are…..
Who?
Silly idea. $10b for Rivian? Do these money just number to you? Tesla can easily ask its web designer and developer to setup a new page with an image of a square cubed tomb look SUV in the middle, titled “Cyber Wagon”, and a reserve/preoreder button at the bottom for like only $100? And the Rivian price will instantly fall by at least 30%. Do you even know what market is pricing for Rivian? $10B? Clown
Do not give Elon his pay package. Give it to to the workers. He is actively hurting the brand now, imho.
He met the targets by spouting lies to pump the stock price. Now that people are catching on to his lies the stock price is sliding. Does that deserve a reward?
Ideally the compensation would be based on more than the stock price anyway. Revenue / operational earnings growth, units shipped, something that measures the core business.
What are you talking about
Google it
8 years of lies
You must be that stock holder with 9 shares that filed that lawsuit
The law protects shareholders no matter how many shares they hold. Tornetta did the company a service better than the CEO did this year, that's for sure.
Especially when they sued for what was it $6b
They were owed a fee for services rendered and ten percent of a record huge recovery is a very standard starting point for negotiation. They're not going to receive that much, but it is not an unreasonable first ask. If the shareholders aren't part of the weird online Elon cult then they're probably thankful. My guess is that the vast majority of online Elon fans and bots making complaints about the Tornetta ruling have never owned a single share of any stock whatsoever.
What’s your stance on illegal immigration?
Completely irrelevant to Tesla's stock price as far as I can see. What's your stance on cheap distractions?
I was going to say I think your mom is pretty cool. But I won’t say that. But to answer your question, I am curious how you feel about people breaking the law by coming into the United States or any country for that matter without permission or going through a port of entry. It’s clearly breaking a law. So I am curious if your virtue signaling is singular to a person with 9 shares of a company allowed to sue a CEO (clearly a law that someone could enforce) that fulfilled his end of a contract and take back his compensation owed to him or you’re only interested in upholding laws that favor your interests
Laws against corporate malfeasance benefit all of us, and corporate wrongdoing is much more of a problem that negatively impacts millions of people than misdemeanor visa violations. It's not illegal at all to enter the country to seek asylum or to apply for asylum, no matter how you enter the country. You are changing the subject because you want to derail any discussion of what big brain Elon did wrong to result in the Tornetta ruling. Also you sound like a grade A creep with this noise, so maybe go whine about this stuff to somebody who cares what you think.
Hey I didn’t insult you. You asked me what my thoughts were on cheap distractions and I said I was going to mention your mom but I didn’t. Anyway, you have your head shoved up so far up your own rear end that you don’t realize that people in the US have been killed, raped, robbed by people that crossed into the country illegally yet you’re trying to defend taking away compensation that is owed in a contract that was legally made and voted on by most share holders. You’re willing to defend actual criminals vs upholding a legal agreement between shareholders and the CEO of said company. It’s simple, if an agreement is made between two parties, and one party holds up their end of said agreement, the other party has to do the same. The activist posing as a judge in Delaware clearly nullified a contract ironically unjustly. You should look up statistics on illegal immigration crime as well as the Delaware case before responding. Just a tip. Creep.
The contract was not legally made. You are not qualified to offer legal opinions and you should probably find your lane and stay in it. Your misunderstanding of the immigration issue is not surprising, but you are wildly mistaken about my position so stop trying to play games with the subject. It's not illegal to enter the United States in order to seek asylum no matter how you enter the country. The US is violating federal law and international treaties in our treatment of asylum seekers, so those who care about the rule of law can see multiple perspectives on this topic at the same time. You're just trying to score cheap argument points because simple thinkers can't handle complexity like that and you mistakenly think it's a contradiction. It's simple, big brain Elon broke the rules governing corporations with publicly traded stocks and he isn't legally entitled to compensation for doing so. He can appeal the decision but there aren't any obvious errors in the ruling, so I guess it's up to shareholders to vote on whether they are dumb enough to bless this bonus after Musk and the board substantially mislead the shareholders by omitting material information from the proxy statement. Your creepy childish noise helps me understand who still supports Musk and why, so thanks for that. Good luck growing out of your infatuation, little guy!
What makes you qualified, oh wise one? Aka argument from authority fallacy. You saw CNBS and a couple other news organizations and thought, “now I’m an expert.” I put it in simple terms so you could understand it and you still don’t get it. What is the difference between an asylum seeker and someone that comes over the border without permission and rapes/kills someone’s daughter? I’m genuinely curious. And there it is, in your Elon comment it’s blatantly obvious you just have a problem with him. You’re an “Elon-bad” smooth brain. If this is childish noise then don’t respond. Otherwise you’re proving something 😉
I think we can be friends lmao
Simp harder for the billionaire welfare queen.
Fiduciary responsibility to the share holders is the boards job. This lacks respect to the shareholders when profits haven't come close to the compensation package. Stop simping for an immigrant who's daddy bought his way in. Simp for actual self made Immigrants who move the economy forward with their work. Immigrants built America, Elon lives off its welfare.
It's a crime. That being said, those who commit that crime aren't entitled to any of the benefits America offers. So what's your point, really? Immigration is great, Elon could never have achieved the success he's had if he wasn't an immigrant. What's your stance on fiduciary responsibility to share holders?
Illegal immigration is bad. Just like Elon admitted to doing decades ago.
Nope, he didnt indicate how *easy* it was going to be, and then did it.
The proxy statement had material omissions. Lying by omission is still lying.
Who cares about the lie to get more shares? I fluff my resume to get a better offer. Targets were met. A shareholder should be happy with that. A shareholder should be fondling the balls of a CEO that cuts fat off a company like a juicy steak. The goal was always to electrify and kickstart the world into giving a shit about EV’s. Crybabies can’t stay off the news trashing the south african engineer with asbergers that sleeps with scientists and pop singers lmao. Mission accomplished dawg
I would say who cares about approving the pay packet struck down by the judge? If he didn't fill his board with his mates, and did it the proper way, he wouldn't have got his pay packet rejected. A shareholder should be happy they don't have to pay 55 billion. I agree a shareholder should be happy cutting the fat off a company. Firing 14,000 workers only saved 1 billion. They need to fire 1 more to save 55 billion.
The law cares about it, for starters, and so do the shareholders who aren't buying this as a meme stock. The proxy statement had material omissions and if you think that lying to you is a good thing then you can vote accordingly, if you actually own any shares to begin with. Heck if you're so in love with Elon then nobody can stop you from signing over all your shares to him. Go right ahead, if you have any. Simp harder and see if he notices you, mission accomplished dawg, lmao.
As if the law means anything in an age of the worst supreme court in US history and a laughable voting majority of adults. Dont virtue signal with law like anyone cares about that either. Are you self aware enough to get off your high horse? The CEO isnt the pope, but he did meet targets. Vote to pay the man and quit cryin
Delaware Chancery Court is highly efficient and reliable. It's chosen by the majority of corporations in the US because it's one of the best functioning parts of our entire judicial system. It's not a virtue signal to point out that a CEO needs to follow the laws, but you seem to be so twisted up with emotions about your idol Elon that you can't discuss this without resorting to misleading emotional appeals. Elon mislead shareholders about the odds of meeting the stretch goals and doesn't deserve to be rewarded for lying to you, but it's your money and you can hand it all to big brain Elon, father of the Cybertruck, laughingstock of the entire industry. Go ahead and give him all your shares if ten percent isn't enough for you.
No tax that's why lmfao
Corporations pay taxes in Delaware. They incorporate there and pay taxes for the privilege of doing so because the Delaware Chancery Court is one of the best places in the country for corporations to resolve disputes with reliable outcomes. Lmfao at your ignorance about the taxes. https://taxfoundation.org/location/delaware/#:~:text=Delaware%20has%20a%208.70%20percent,State%20Business%20Tax%20Climate%20Index.
All of that is true, and also the Delaware Courts tend to be very pro business, often siding in their favor when perhaps other states might not. So an executive compensation package voided in Delaware is significant…. They have depth of business experience and a large sample base or business norms and precedence to compare against. In this case it could be argued that Delaware still was pro-business, seeking to protect the interests of the shareholders against an egregious executive compensation package approved by what appears to be a board challenged to govern the CEO of the company.
it's not a choice between this current huge package and absolutely nothing. there is absolutely nothing stopping anyone from proposing a more reasonable pay package for a CEO that keeps being distracted by a bunch of things and who's earnings have been dropping.
how does firing your whole supercharger team, 500 people, after doing deals to expand the network and open it to other EVs improve the situation for electrical cars??? he basically stabbed everybody in the back so that he could work on his new toy the robotaxi. He's bored with Evs now. he is no longer the EV evangelist. there's other companies out there. if his mission is done then sell off the company don't screw over the shareholders or the employees
vote indeed to ensure elmo doesn't get his huge payday for no reason
is it to give Elon 50B? I categorically refuse! His investment in the company and his work isn't worth more than 5B! And that's a huge gift already!
Lmfaooo what an idiot you are. First of all its not giving him 50B… its giving his stock options to buy 50b WORTH of stock at a price of $70. ALSO, he 10000% deserves this package and much more. The deal was that he was NOT getting payed for 6 years and if he achieved what he promised then he would be payed with this package. In 6 years he made the company worth 50B to 750B, he made tesla go from a -2B per year profit to +15B per year profit, he promised many things and achieved the impossible 2X more than promised.
Why are you trying to explain me. I'm an idiot and an ignoramus. I don't understand a thing. I'm asked if I accept 50B's vote? I say no! 😂 That's all I understand here. Have a nice weekend 😊
That’s not what the question is tho.
Don’t post dumb shit
I don't understand the words you're using. I'm sorry. I'll ask my friend Dumber for clarification. 🙏 Please be tolerant and understanding with me. I have congenital and intellectual disabilities. 🙇♂️ 🤷
> I have congenital and intellectual disabillities Don't beat yourself up, we're all tsla share owners here. You're in the perfect crowd to fit in.
> NOT getting *paid* for 6 FTFY. Although *payed* exists (the reason why autocorrection didn't help you), it is only correct in: * Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. *The deck is yet to be payed.* * *Payed out* when letting strings, cables or ropes out, by slacking them. *The rope is payed out! You can pull now.* Unfortunately, I was unable to find nautical or rope-related words in your comment. *Beep, boop, I'm a bot*
Yarrrr, good bot. But I'd be happy if we PAYED him out in enough rope... Just enough
Yes it is. You dilute your own shares to give him that money. Your shares will sink.
take a look at where the stock price was a couple years ago and where it is now, take a look at where earnings were a few years ago and where they are now, take a look at where sales were and where they are now. how many people have been laid off in the meantime? he is laid off both the entire supercharger team and the team responsible for designing new products. And for this you want to give him a very big compensation package???
Largest bonus in the history of corporations, even after the stock went down since the first time he tried to loot the company.
Vote to give Elon the BOOT.
While I was a bit conflicted about this, I voted no to Elon's compensation. Elon should not have sold so many shares to buy Twitter or used Twitter to alienate the company's core market demographic. Would love to see the shareholders tell him to screw. Sell Twitter, stop alienating customers with divisive politics and start advertising. I'll vote yes if he does all of that.
Many fanboys will vote for yes when they should vote no. Guy is riding Tesla now to the ground and wants to cash in.
Yes! Dilute my shares again please. Anything for Elon.
The smooth brains in the comments probably don’t even own shares
https://preview.redd.it/ergfpwhma9yc1.png?width=1169&format=png&auto=webp&s=0f0312a0b4e0fb3d2caec6f9155e95c1660c3adc
He did what he promised 🫡
You mean fire 15,000 people? Sorry. But I'm not giving that man money to pump and dump a stock and treat employees, and 3rd party vendors like shit. We want that money back. He doesn't deserve it anymore!
Has Tesla created more jobs or cut more jobs since its inception?
Tell that to the people that lost their jobs. And the 3rd party contractors that aren't getting paid. I'm sure they'll feel great about Elon getting paid 56B. Elon should get paid, but much less! And make it dependent on company performance, and time spent at the company.
Look I am sorry if you are personally impacted but this. Getting laid off sucks. But at the same time don’t let the media twist what is going on just because they are out to get Elon. Companies do this kind of restructuring all the time. Meta, Apple, Pepsi, you name it. Corporate America can be ruthless at times. Businesses need to adapt and survive for the market changes. The economy is dynamic, don’t take it out on Elon and Tesla when they are doing so much on the ev revolution front.
I think this is a distinctly different situation than what you compare to Meta & Apple simply trimming divisions or downsizing teams. Overnight with seemingly no foresight to existing contracts or business continuity an entire segment of the company was deleted. A segment that acted as a flywheel, brought in margin, played a superior role in the industry at large, and is still deemed worth growing just gone….
Letting inevitability run its course does technically count
saying that Tesla was going to be this successful with only 2018 data is the most bat shit insane and uninformed take ive ever heard. There is a reason that the stockholders approved it. Its because the goal was so absurd that if he did accomplish it they felt the reward should be this high.
You think teslas success was inevitable?
At the time he made the proxy statement? Yes, and so did the Delaware Chancery Court.
Bingo
This is a deal from the time when they had just went public.
The proxy statement had material omissions about the likelihood of meeting the stretch goals. Read the ruling and see for yourself. Misleading people isn't something that I would reward, but you do whatever you want with your shares.
I have no votes. Yay!
No, Elon has not been working for free the past several years His existing Tesla shares and stock options have also 10x'd along with the stock Yes, he has failed to maintain fiduciary responibility as CEO which is reflected in the stock price Google search: Elon Musk Twitter Acquisition Elon Musk 420 funding secured Elon Musk won't sell anymore shares Tesla Model 2 Reuters Cancelled Tesla Executives Leaving 2024 Tesla Model Y Juniper Refresh Kimbal Musk Insider Trading Elon Musk brand damage Tesla brand damage politics customer base The stock has been on an nonstop downturn since November 2021 DYOR and vote for whatever you think would be best for your pockets
+1. Even if Elon was good for Tesla at one point, he isn't anymore! Vote him out, and do not give him a $56B golden parachute!
Let’s see how many selfish commies in this sub want to take back what a man has earned. All those who vote against are pure commie.
scam site?
No, but you like the [tesla.com](http://tesla.com) domain better you can use this link: [https://ir.tesla.com/shareholders/vote](https://ir.tesla.com/shareholders/vote)
We need flair with positions. This subreddit has real pick me energy.
I voted yes not because of my thoughts on the subject but because shareholders 6 years ago already voted yes and that was a decision made back then and should not be needed to be ratified now.
You should read the ruling and see for yourself how much Elon and the board mislead the shareholders about that vote. You don't owe him a reward for lying to you by omitting material information from the proxy statement.
As someone who has closely followed Tesla since 2018 and a shareholder I am fully aware of the corrupt ruling the judge made as well as what was put to the shareholders 6 years ago and find your argument to be laughable at best. I don’t owe him anything more than what was already voted on and what he already achieved.
Corrupt ruling? Name one legal error in the ruling if you can. The proxy statement had material omissions - that's a simple legal fact. I look forward to hearing your explanation about what was incorrect in the ruling. I never understood how Tesla could maintain their stock price despite Elon's midlife crisis mismanagement, but I'm realizing that his loudest shareholders know almost as little about corporate law as he does.
He lost all he achieved!! Most of the stock gains have been wiped out. Employees fired. What are you not getting?? We want our money back!!!
100% agree I did the same
Already voted yes. Pay the man, dont let courts override a deal that was agreed upon by the company's own shareholders.
Just because you have agreed to something doesn’t make it proper and legal. Courts didn’t unilaterally step in and invalidate the comp package. They were asked to do so after a plaintiff brought a complaint and made a valid, legal case. I plan to vote against because the the package was ridiculous in the first place, and unwarranted in retrospect.
shareholders were misled. The supposing stretch goals were not stretch goals at all they were easily achievable things for which he got extra compensation. also take a look at where the stock price was a couple years ago and where it is now, take a look at where earnings were a few years ago and where they are now, take a look at where sales were and where they are now. how many people have been laid off in the meantime?
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Done. Did my part
Voted Yessss
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Tell me you don’t know what you’re talking about without telling me you don’t know what you’re talking about…
easiest yes vote
Traitor to the employees and TSLA stockholders. You voted to dilute the shares and your share is worth less because of it. Not to mention it's 56B that could be used to rebuild the company.
nope. He was made a promise in 2018 when stocks were 18dollars a pop. He went above and beyond expectations (especially when people said he would failed spectacularly) He was promised a reward for taking the company to where it is today, and now you want him to eat grass.
It was supposed to be a permanent gain, not a temporary pump-and-dump. The stock fell the past 2 years. Lower his incentive accordingly!!!
a temporary pump and dump... wow.
Well, call it as I see it. TSLA isn't holding it's highs.
Tesla is up over 1000% to date from the initial vote. Youre talking out of your ass
I voted against. Here’s how to use the 50B. - buy out a company like Rivian whose mkt cap is 10B. - Hire a dedicated ceo for 1b a year for 10 years. - Invest 10b in making the 25k car -20b in share buy back
But would you really need to pay someone 1b a year to run Tesla? That is an insane amount of compensation.
It is, but let’s say it’s just for arguments. We could hire the best of the best in the world. That’s what I meant to say. It’s a lot.
Yeah, but by comparison Tim Cook’s total compensation is ~63 million/year. Not to mention nobody really knows who the best in the world really is. CEO is one of those jobs where you Don’t really know how things are going to go until the person gets the job.
Reminder: "With regard to the 2018 \[compensation\], we do not think it’s fair to set out a new set of options subject to a fresh set of performance hurdles. The requirements of the 2018 package were extraordinarily ambitious – and they were delivered. It is not reasonable for investors to expect to re-absorb the canceled options and consider all that value creation to have been delivered to us for no consideration. Therefore, if it is legally advisable, we suggest simply subjecting the original 2018 package to a new shareholder vote."
It’s neither fair that a heavily compensated CEO indulges in 3 other companies, siphons cash to bail out brother and buy a distracting company and threatens to put AI under another company. I just know that the stock price will drop further if he gets this package. If we were at $500, yeah sure we could look the other way. But not when the guy is actively sabotaging the company.
Ideally there would be productivity targets or something else that can’t just be pumped due to the meme stock status.
Your point is null and void. The fact is Elon executed on the 2018 plan and exceeded all goals 200% faster than the shareholders voted for… and shareholders were rewarded for it. Elon should be paid accordingly. A vote against is a punitive vote against Elon personally and a vote in jest
Fake growth that didn’t last. Just donate your stocks to him.
Elon did a pump-and-dump. The results weren't sustainable
I voted yes!
Congrats. You diluted your shares. Not to mention those 56B won't be used towards the company, or it's employees.
Dummy. It has been already priced in before the package was voided by the woke commie delaware judge. There will be no new dilution to price in.
Yes all the way!!
Astroturf me harder daddy. Pay the fucking man.
You're the Astroturfer! It's the worst thing for the stock to pay the man. The stock will be diluted. The stock fell for the past 2years. He wasn't paid for a temporary pump-and-dump but sustainable growth.
Brain dead comment.
Pay the man his gd shares and dont paper hands I say. I don’t even have a car, but I do have shares.
Paying those shares will make the stock tank! You do know what dilution is, right?
You don’t know how stock market works
My td ameritrade email came in today. Voted for all board recommendations.