• Sludgehammer@lemmy.world
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    23 days ago

    He deserves it. Not many men could be such an inspirational hands on CEO for a half dozen companies at once while simultaneously being a loving and devoted father to his 20-ish children as well maintaining a insightful and consistent online presence.

    • logicbomb@lemmy.world
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      23 days ago

      If I remember correctly, Musk has stacked the board of directors with his friends and family. And he’s surely also paying them off.

      They aren’t acting like a publicly traded company. The board and CEO of a publicly traded company has a fiduciary responsibility to the shareholders to try to make them the most money. That’s why Twitter’s board had to sue Musk to force him to buy the company. Because it made the shareholders the most money.

      I don’t own any Tesla stock, but it seems like people who do own stock should be suing Tesla right now. Musk is enriching himself while the business is suffering. How is that not embezzling?

      • Makeitstop@lemmy.world
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        22 days ago

        There was a lawsuit over the previous giant pay package. And I recall at least threats of legal action over Elon siphoning resources from Tesla to his other companies. However, the move to Texas allows them to require at least 3% stock ownership to sue as a shareholder.

        At this point, anyone who chooses to own Tesla stock is unlikely to sue anyway since they’d have to be completely unaware, an idiotic true believer, or just someone who is fully aware and is betting that the bullshit inflating the stock price will be able to push it even higher. The first two wouldn’t know to sue and the third would only be bursting the bubble their trying to ride.

  • CalmChaos72@lemmy.world
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    23 days ago

    If you were somehow given $5,000 per day, EVERYDAY since Columbus invaded the ‘New World’ you would STILL not have a Billion dollars (please disregard interest and inflation).

    • Sludgehammer@lemmy.world
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      23 days ago

      I prefer if you were given a billion dollars at birth and were a fraction of that for every day of your average 75 year lifespan you be receiving a bit over 36 thousand dollars every day.

      • floofloof@lemmy.ca
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        23 days ago

        Elon Musk has a “net worth” of about $430,000,000,000. If that were paid in installments every day of a 75-year life, it would be an income of about $16 million a day.

  • NocturnalMorning@lemmy.world
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    23 days ago

    That poor poor billionaire. Im so glad they gave him some much needed cash. He was about to drop down to second place as worlds richest person on the planet. Thank God thats not going to happen…

  • pyre@lemmy.world
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    22 days ago

    good. now we know the “swasticar” applies to all Tesla models, not just the ClusterFuck

  • jaykrown@lemmy.world
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    22 days ago

    What does $30 billion even mean to someone who is already a billionaire? Must be frustrating to know how much you can’t buy with money.