Plaintiff’s lawyers argued that the pay package was dictated by Musk and was the product of sham negotiations with directors who were not independent of him.
Shams pretty much some up the whole of his career.
Elon: can you approve this pay package for me?
Also Elon: why certainly!
The fact that a Delaware judge made this ruling just highlights how egregious this package was.
I wasn’t aware of this fact before. Now I’m Delaware.
audible gasp
Chancery doesn’t fuck around. It’s not surprising that a Delaware court would find for the plaintiffs in a derivative action; it happens all the time.
“Never incorporate your company in the state of Delaware,” he said.
Lol. That’s some Trumpian bullshit. I’m sure every corporation ever must be wrong.
Womp womp.
lol
In reality this is some rich asshole arguing over pretend money given to another very rich asshole. The headline should be “board member who has way too much money sues Musk for money they would prefer be distributed to shareholders which includes them”. I’m probably missing something here, but anyone involved in this definitely sucks. Sure…Musk has no reason to be enriched further. In all likelihood neither does the person suing him.
At this point I would say that it is irresponsible to enrich Musk any further. We have all seen how he uses it.
For sure. I just mean that I take no personal pleasure in the money instead going to further enrich an already rich person that technically has invested in him and his businesses. What I mean to say is eat the rich.
