Musk could devote less time to Tesla if pay isn't re-approved, shareholders hear.
  • Windex007@lemmy.world
    49·
    11 months ago

    For a billion dollars I have a guaranteed plan to reduce operating expenses by 45 billion. Board of telsa feel free to hit up my DMs

  • TallonMetroid@lemmy.worldEnglish
    44·
    11 months ago

    Are you telling me that Elon Musk might be, perhaps, quiet quitting? The horror.

    Seriously, fuck that guy.

  • Nobody@lemmy.worldEnglish
    25·
    11 months ago

    Good thing Tesla has all that money rolling in from its wildly-successful Cybertruck debut.

    • Got_Bent@lemmy.world
      3·
      11 months ago

      I finally saw one of those in person yesterday. It looked like a Hummer fucked a DeLorean.

      It reminded me of when Hummers were all the rage as a way to say, “look how much money I can piss away!”

  • SeaJ@lemm.eeOP
    23·
    11 months ago

    Award for Person You Could Easily Sell a Bridge To goes to chairperson Robyn Denholm.

    He seems motivated enough with Twitter and he makes negative money there. Considering the poster for he has created at Tesla, maybe they should not be motivating him.

    I do love that the pay package was blocked by a metal head who owned like five shares.

    • SeaJ@lemm.eeOP
      5·
      11 months ago

      I am guessing you could hire several hundred CEOs collectively for that price. And they would not be splitting their time between five companies. Robyn clearly had their nose so far up Musk’s ass that it is difficult to figure out where one ends and the other begins.

    • Snapz@lemmy.world
      5·
      11 months ago

      musk already purchased her…

      Tesla Board Chairperson Robyn Denholm urged shareholders to re-approve CEO Elon Musk’s $46 billion pay package this week, saying the vote is “not about the money” while suggesting that Musk could leave Tesla or devote less time to the company if he isn’t properly compensated. “This is obviously not about the money. We all know Elon is one of the wealthiest people on the planet, and he would remain so even if Tesla were to renege on the commitment we made in 2018,” Denholm wrote in a June 5 letter to shareholders. Musk’s pay plan was nullified by a Delaware Court of Chancery ruling in January 2024 after a lawsuit filed by a shareholder. The ruling said that Denholm had a “lackadaisical approach to her oversight obligations” and “derived the vast majority of her wealth from her compensation as a Tesla director.” It also said most board members “were beholden to Musk or had compromising conflicts,” and that the proxy information given to shareholders before the 2018 vote was “materially deficient.”

  • Snapz@lemmy.world
    10·
    11 months ago

    Too many folks here thinking they can appeal to the board with logic and reason…

    Tesla Board Chairperson Robyn Denholm urged shareholders to re-approve CEO Elon Musk’s $46 billion pay package this week, saying the vote is “not about the money” while suggesting that Musk could leave Tesla or devote less time to the company if he isn’t properly compensated. “This is obviously not about the money. We all know Elon is one of the wealthiest people on the planet, and he would remain so even if Tesla were to renege on the commitment we made in 2018,” Denholm wrote in a June 5 letter to shareholders. Musk’s pay plan was nullified by a Delaware Court of Chancery ruling in January 2024 after a lawsuit filed by a shareholder. The ruling said that Denholm had a “lackadaisical approach to her oversight obligations” and “derived the vast majority of her wealth from her compensation as a Tesla director.” It also said most board members “were beholden to Musk or had compromising conflicts,” and that the proxy information given to shareholders before the 2018 vote was “materially deficient.”

    Rubber stamp, just looking for the right cover to allow them to do the wrong things.