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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[–] FuglyDuck 101 points 2 weeks ago (21 children)

Good to see.

this probably hurts him more than me saying he's an incompetent nepo baby. (the best way to hurt rich fucks is to hurt their wallet, after all.)

[–] coyootje 11 points 2 weeks ago (1 children)

I think hurting his ego also hurts him, just look at the amount of people that get banned from X for doing it.

[–] [email protected] 2 points 2 weeks ago

Dang, so instead of deleting my account I should've got it banned... That would've been better

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