Summary via ChatGPT

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.

  • meyotch@slrpnk.net
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    2 days ago

    Risk vs Reward.

    A relatively small cost towards legal fees has a decent chance to yield a large payoff.

    Musk is a warped gollum-man, but not an idiot by any means.

    • sepi@piefed.social
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      2 days ago

      The man is one of the greatest idiots of this generation. There’s just a bunch of really dumb impressionable people falling for his lies. Doesn’t make him smart.

    • 100_kg_90_de_belin @feddit.it
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      2 days ago

      He’s a sociopath with absolutely no moral compass. This may have made him a great CEO, but it doesn’t mean he’s smart.