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A Delaware judge invalidated Elon Musk’s $56 billion Tesla pay package for a second time, citing undue influence and unfair terms set by Musk. Despite shareholder approval earlier this year, the court ruled the process failed to address governance concerns and transparency. The judge emphasized the board’s failure to prove the compensation plan’s fairness, suggesting alternative, reasonable payment options were possible. Tesla may appeal the decision or propose a new compensation plan.

  • SirEDCaLot@lemmy.today
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    3 hours ago

    He is not actually CEO of two companies. That is not even possible.

    You betray your own ignorance. It’s absolutely possible to be CEO of multiple companies. Ask any entrepreneur- a great many of them are running multiple businesses.

    If you want to argue that it’s not possible to be a GOOD ATTENTIVE CEO of multiple companies because there’s not enough hours in the day, that’s valid and a lot of people have criticized him for that.

    He doesn’t take care of his twelve kids

    I’m sure he gives them lots of money. But in terms of real time- I doubt he spends much time being a dad because he simply doesn’t give himself the time to spend. I’m sure his kids get like an hour or two a week or something.

    He is instead a drug addict

    Why, because he smoked a joint on a podcast? I get that you hate him but when you make criticisms like this you betray your own position, that you’re striking out because you hate him not because you have valid criticisms. It takes away from your actual criticisms (some of which are valid).

    Everyone says he is a raging asshole.

    I never said he wasn’t. In fact I personally know multiple people who have worked almost directly for him. They quit because in Elon world there’s no work life balance there’s just the work and you’re expected to devote all your time to it like he does.

    I’d probably never want to work for him. From what I hear, he is quite an asshole sometimes especially to his employees. That doesn’t mean he’s never done anything good, or that he’s incapable of good.

    Few things in life are black and white. Most are shades of gray.