this post was submitted on 30 Jul 2024
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Technology
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I can’t believe they haven’t booted musk yet
Booted? They just voted him a 55 billion dollar bonus.
This is exactly what his investors want apparently.
Did that pass?
It did pass and is tied to performance of the company. He doesn’t actually get a 55B bonus. His bonus is in the form of stock, its award is tiered based on revenue-tied performance, and he can’t sell the stock until 5 years after it’s awarded, as to prevent a pump-and-dump incentive structure.