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 98 points 1 day ago (19 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.)

[–] [email protected] 3 points 1 day ago (3 children)

Probably? I'm fairly certain that saying mean things about Musk on Lemmy has no effect on him whatsoever.

[–] FuglyDuck 12 points 1 day ago (1 children)

You’re right. I’d say mean things about him on twitter, but that requires a twitter account… and that’s just gross.

[–] bitchkat 1 points 19 hours ago

Temporarily have a Twitter account because Leon doesn't like people saying mean things about him.

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