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PaperclipPerfector  2d ago (text post)   10537 thread views

Culture War Roundup for the week of December 2, 2024

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The evidence is that it’s absurd to bring a lawsuit against a company that made you a ton of money?

That hadn't happened when the lawsuit was filed. OP gets the order of events wrong. The lawsuit was filed 5 months after the package was awarded, well before performance targets were hit.

It's even more absurd to bring a lawsuit against a company for either making you a ton of money (if targets, which included market cap, are hit) or getting its CEO to work for you for free (if they aren't).

This logic justifies literally any pay award. The whole point of the suit is that the process by which Musk's award amount was reached was biased in his favor, not a neutral process.

It doesn't justify literally any pay award, just those with strongly positive EV. "We'll pay out 10% of the massive unexpected increase in value" isn't a crazy division. (and you can tell it's unexpected, because if it was expected you'd buy up the price of shares until it was no longer massive)

The whole point of the suit is that the process by which Musk's award amount was reached was biased in his favor, not a neutral process.

In that case I absolutely insist that every complaining shareholder be instead given what they deserve. Buy out their shares at 2018 prices (adjusted for NASDAQ growth) instead of forcing them to suffer from the results of the unfair outcome, and let every penny of the difference come from Elon's pocket.

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