Tesla directors pay $735M to settle claims they overpaid themselves

https://techcrunch.com/2023/07/17/tesla-directors-pay-735m-to-settle-claims-they-overpaid-themselves/

195 points · 6 comments · view on lemmy.world

6 Comments

vraylle@kbin.social · 27 pts · 3y (1 reply)

Did they overpay themselves by less than $735 million? Otherwise it was still profitable and they will do it again.

AngryAnusHornets@lemmy.world · 17 pts · 3y
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thal3s@sh.itjust.works · 22 pts · 3y (1 reply)

Tesla’s directors will return $735 million to the company to settle claims from shareholders that they excessively overpaid themselves, according to a Monday court filing.

Hallelujah. Now do Elon next. Fucking nobody should be able to cut themselves a $56 Billion paycheck.

Zippy@lemmy.world · 2 pts · 3y

Elon could have paid the wages of all the CEO's of the fortune 500 and it would not have made much of a dent. And they are normally paid excessive amounts.

Audbol@lemmy.world · 20 pts · 3y

Musk's trial is a separate case and the amount is $56 billion. Fucking Christ this is absolutely insane

totallynotaspy@kbin.social · 13 pts · 3y

Hope cuck boy gets to feel the pain when that 2019 lawsuit against his multimillion dollar compensation package receives a similar outcome. Fingers crossed.

kemal007@lemmy.world · 2 pts · 3y

So they took 11m in excess share options and give back 3.xm now is that due to the difference in price or just an “ok make this enough” settlement?