Judge blocks 'unfathomable' $56B Tesla pay deal

Its the same package that had targets said to be &#x27;laughably impossible&#x27;(1) when it was first announced.<p>Now that all the targets are achieved in a fraction of the time, its redefined as &#x27;unfathomable&#x27;.<p>[1]. <a href="https:&#x2F;&#x2F;www.nytimes.com&#x2F;2018&#x2F;01&#x2F;23&#x2F;business&#x2F;dealbook&#x2F;tesla-elon-musk-pay.html" rel="nofollow">https:&#x2F;&#x2F;www.nytimes.com&#x2F;2018&#x2F;01&#x2F;23&#x2F;business&#x2F;dealbook&#x2F;tesla-e...</a><p>(If Mr. Musk were somehow to increase the value of Tesla to $650 billion — a figure many experts would contend is laughably impossible ...)

It&#x27;s funny that we accept the immense market cap of certain corporations, and the rapid changes of it, but not high CEO salaries. But this is what the CEO is paid for. A corporation is something abstract, it&#x27;s worth whatever people are willing to pay for the stock, but a salary is something human and outrageous.

[dupe]<p>Some more discussion: <a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=39196390">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=39196390</a>

He says he wants more control in the company ...

Elon could have kept Tesla private.<p>I doubt SpaceX is ever going public after this shenanigans.

he should be allowed to keep the package. investors are the pos bunch esp the activist do-more-layoffs ones. The targets were met. A deal is a deal.

Not hot take: Musk is a pos.<p>Hot take: he deserves to keep the package. Tesla increased $550B in value, of which 90% went to investors and 10% to him should he kept his package. It was extremely unlikely that he would hit the targets. The value of the “options” back when he was conditionally granted them was like $50M. They only grew in value astronomically because he increased the market cap an insane amount. This feels like a casino nullifying a roulette spin because the croupier didn’t spin it fast enough after it landed on 14 and you bet on 14.<p>$50M over 6 years, which at the time most likely wouldn’t have been needing to paid out at all unless he met the unfathomably unlikely targets.

The board really said that the point was to make sure Musk focused his attention on the company.<p>Anyway, it was an interesting take that I read on X via Starlink. Tomorrow I plan to take the Vegas Loop for a ride before getting my Neurolink chip.