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Old 13th June 2024, 17:01   #31
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Re: Elon Musk could leave Tesla if his $56 billion compensation package isn't approved

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Originally Posted by alpha1 View Post
But surprisingly, the manner in which he wishes to motivate himself is quite ordinarily petty (monetary motivation).

What about his motivation to change the world, improve mankind and other lofty goals worthy of constant front page coverage by the media?

Looks like he hasn't progressed up on the Maslow's hierarchy and still stuck on the bottom layer
While I'm not a big fan of his, I very much doubt he is doing this for basal monetary purposes. If you recall, he put all his earnings from PayPal into SpaceX. He doesn't need spending money - he owns enough liquid stock to take out tax-free loans instead of income, which is what most large company owners do in the US. My guess would be that he uses this awarded stock as collateral to buy out X/Twitter investors, or put more capital in AI. Even a $ 10 bn allocation to Grok will basically wipe out OpenAI, Gemini, etc. in terms of a level playing field.
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Old 13th June 2024, 17:15   #32
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Re: Elon Musk could leave Tesla if his $56 billion compensation package isn't approved

See the blurred side of Elon Musk - Elon Musk’s boundary-blurring relationships with women at SpaceX.

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Old 14th June 2024, 16:51   #33
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Re: Elon Musk could leave Tesla if his $56 billion compensation package isn't approved

Elon Musk wins Tesla shareholder's approval for $56 billion payout.

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Old 18th June 2024, 19:37   #34
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Re: Elon Musk could leave Tesla if his $56 billion compensation package isn't approved

Tesla kicks off legal fight to reinstate Musk's pay.

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Tesla began its fight for legal recognition of a shareholder vote favoring Elon Musk's record compensation, telling a Delaware judge that it "significantly impacts" her ruling voiding the pay, according to a letter made public.
Tesla wrote to Chancellor Kathaleen McCormick that the parties in the pay package case should now lay out their legal interpretations of Thursday's ratification of Musk's pay, rather than moving ahead with the case on the prior schedule.

Greg Varallo, a shareholder attorney in the case against the pay package, said the ratification had "no legal effect" on the case and that he would explain his argument in a brief due Friday.
Tesla has said the ratification process was "novel" and it was unclear if McCormick and the Delaware Supreme Court would accept the result.

The judge found Musk controlled the 2018 process that led to the pay package and that Tesla concealed key information from shareholders about the ease of the targets the company had to meet for Musk to be paid.
McCormick also has to determine a fee for the shareholder legal team before Tesla can appeal her ruling to the Delaware Supreme Court.
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