Elon Musk can't keep Tesla's landmark pay package worth more than $55 billion
Trudge [Comrade] @ Trudge @lemmygrad.ml Posts 12Comments 176Joined 2 yr. ago
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Trudge [Comrade] @ Trudge @lemmygrad.ml
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The compensation agreement itself is suspect as Musk himself had over 1/4 of the total voting share and other directors were controlled by him as well. As an example, a shareholder who holds 51% of the shares can't just choose to legally print himself more of the stock at the expense of the 49% and that is what the lawsuit is alleging.