this post was submitted on 03 Dec 2024
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News

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Summary

A Delaware judge upheld her earlier decision to void Elon Musk’s $56 billion Tesla CEO pay package, ruling it was improperly granted due to Musk’s control over Tesla and flawed board negotiations.

Tesla’s attempt to overturn the ruling through a shareholder vote was rejected, with the judge warning against revising judgments with new facts post-trial.

Musk called the ruling “absolute corruption” and plans to appeal.

Meanwhile, Musk’s net worth has surged, driven by Tesla’s stock jump following optimism about his alignment with Trump’s policies.

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[–] foggy 46 points 1 day ago* (last edited 1 day ago) (7 children)

Wasn't happy with the last ones what was it like 42?

Fuck this guy so fucking hard.

People don't understand.

If $50bn was stacked $10 bills, it'd be real high up neat. But if it was ripped over and on the ground... .it'd take OVER 10 HOURS AT HIGHWAY SPEEDS to drive its length.

For reference $1m would be like 20 parking spaces in $1 bills.

So... Like... Fuck man.

[–] [email protected] 56 points 1 day ago (6 children)

Elon Musk's wealth is listed as about $337,000,000,000. If you earn $50K per year it would take you 6.74 million years to earn it, or 3.37 million years at $100K. If you earned a million dollars a year it would still take you 337,000 years. It's an obscene amount of wealth to belong to one man.

[–] takeda 6 points 1 day ago

I highly recommend On Freedom book but Timothy Snyder, it basically talks how the wealth is being stolen from us and now with help of modern technology like social media.

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