31–40 of 91 posts
I don't understand why everybody thinks this fee is outrageous. These lawyers just saved Tesla's shareholders way, way more than that. Pay $6 billion to get $50 billion? I'll do that deal all day long and twice on Sundays.
This is _exactly_ the argument for Musk's case. The lawyer was hired (and managed) to convince the court this argument is wrong.
Sounds like they need to hire more lawyers to argue that the first set of lawyers' pay is excessive.
Earlier quoted context omitted.
Set maximum billable rate at minimum wage. That seems only fair solution. It is enough for many workers, should be enough for anyone.
That makes no sense, as it equally rewards lazy people with abilities too lazy to be applied, and people who took years out of earnings to learn new skills. Of course, the comment might have been obvious trolling.
// people who took years out of earnings to learn a new skill //
Here in Indiana, you have to have a Master's degree to be a teacher. Average wage is around $50k. Or you could get a B.S. in communications an and make 2-3x that doing P.R.
Or you could just drop out of high school to become a "creator" at only fans and make zillions a year taking pictures of your toes.
If you want a system which rewards years of learning new skills, this one ain't it.
Earlier quoted context omitted.
Musk would be paid in stock, so the "shareholders" did not win or lose anything (unless we assume the shareholders are at war with each other). If he turns sour ... i cant imagine the shareholders feeling like they won much. In other news, cheap EVs are entering the market so maybe it's a good opportunity for Elon to escape Tesla before it becomes a legacy brand name that some chinese maker will buy in a few years (l…
> did not win or lose anything Is this true? Would there not be dilution?
Earlier quoted context omitted.
Musk would be paid in stock, so the "shareholders" did not win or lose anything (unless we assume the shareholders are at war with each other). If he turns sour ... i cant imagine the shareholders feeling like they won much. In other news, cheap EVs are entering the market so maybe it's a good opportunity for Elon to escape Tesla before it becomes a legacy brand name that some chinese maker will buy in a few years (l…
> did not win or lose anything Is this true? Would there not be dilution?
IMHO, it's high time to stop paying lawyers, accountants, notary publics (in Germany) and similar professions in percentages. There is no way a bunch of lawyers deserves that kind of payout.
Set maximum billable rate at minimum wage. That seems only fair solution. It is enough for many workers, should be enough for anyone.
I don't understand why everybody thinks this fee is outrageous. These lawyers just saved Tesla's shareholders way, way more than that. Pay $6 billion to get $50 billion? I'll do that deal all day long and twice on Sundays.
The board, run by the shareholders, wanted that deal and put it in place. They must have thought that the value add was worth it. Granted, it seems many do not think they acted correctly, hence the ruling and the lawsuits. The point is that time will tell if this really saves money over the long run. I do not know the law and I am not questioning the board here.
If the board was representative of the shareholders wishes, the shareholders wouldn't have sued the board.
Earlier quoted context omitted.
That makes no sense, as it equally rewards lazy people with abilities too lazy to be applied, and people who took years out of earnings to learn new skills. Of course, the comment might have been obvious trolling.
Not trolling. What, pray tell, is a fair wage? Who gets to decide? // people who took years out of earnings to learn a new skill // Here in Indiana, you have to have a Master's degree to be a teacher. Average wage is around $50k. Or you could get a B.S. in communications an and make 2-3x that doing P.R. Or you could just drop out of high school to become a "creator" at only fans and make zillions a year taking pictur…
* My wife was a teacher, my parents were teachers, my aunts and uncles were teachers, my grandparents were teachers, my kids are in school and I deal with their teachers. I’m sympathetic to the profession, and have also watched how those steering the ship head right for the iceberg while telling everyone warming them that they aren’t educators so they couldn’t possibly understand. I’m fine letting them lie in the bed they’ve made while getting paid a zillion times more being an IC at a company on one has ever heard of.
Earlier quoted context omitted.
Until you need one
I’d love to see a legal system that is comprehensible enough for a layman so pro se is the go-to option and the lawyers are for the real tricky cases, or people who can’t or don’t want to even think about it. Not happening, of course. Modern legal systems have incentives to build barriers. (For what it’s worth, I’ve never needed a lawyer and I’ve dealt with immigration in two countries and some basic legal stuff. Was…
Alas, you wouldn't like a legal system which a layman could understand, any more than you'd like a computer which a layman could understand.
We are doing things, as a society and as a species, which take far longer than one individual lifetime to learn, so we divide up the work and specialize.