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Lawyers who voided Elon Musk's pay as excessive want $6B fee

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Re: Lawyers who voided Elon Musk's pay as excessive want $6B fee

#71

Earlier quoted context omitted.

I realize that. But there is nothing stopping them from sending him money, if they think he deserves it.

They thought he deserved it, and voted to send him the money. Then this guy started stopping them.

It turned out this guy's claim was justified, given the court agreed. Again, if it was really important to these investors that Elon have more billions, they do not need any courts permission to just send him money.

Re: Lawyers who voided Elon Musk's pay as excessive want $6B fee

#72
post #17

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.

Not if Elon decides to leave Tesla. In this case, this was a catastrophic failure.

Elon leaves Tesla:

- Tesla finally settles with unions and starts treating their employees fairly.

- Tesla addresses the water pollution of their Gigafactories in Europe.

- Tesla signs that collective bargaining agreement in Sweden so they can finally sell cars there (and have their charging stations unblocked).

- Tesla adapts their marketing to stop claiming auto-pilot bs.

- Tesla adapts their quality control so Tesla cars are no longer delivered to customers in a semi-assembled state.

- Tesla starts investing in research for more sustainable disposal of batteries and alternative means of energy storage

I can see a lot of upsides to Musk leaving Tesla (on top of the $50B)

Re: Lawyers who voided Elon Musk's pay as excessive want $6B fee

#73
post #49

Earlier quoted context omitted.

Minimum wage never meant livable wage. A specialized professional is typically paid a market rate many times higher than minimum wage. I’m not sure why lawyers should be treated differently (regardless of feelings towards some).

This is literally not true: It seems to me to be equally plain that no business which depends for existence on paying less than living wages to its workers has any right to continue in this country. By "business" I mean the whole of commerce as well as the whole of industry; by workers I mean all workers, the white collar class as well as the men in overalls; and by living wages I mean more than a bare subsistence le…

Thanks for the reference.

Re: Lawyers who voided Elon Musk's pay as excessive want $6B fee

#74
post #72

Earlier quoted context omitted.

Not if Elon decides to leave Tesla. In this case, this was a catastrophic failure.

Elon leaves Tesla: - Tesla finally settles with unions and starts treating their employees fairly. - Tesla addresses the water pollution of their Gigafactories in Europe. - Tesla signs that collective bargaining agreement in Sweden so they can finally sell cars there (and have their charging stations unblocked). - Tesla adapts their marketing to stop claiming auto-pilot bs. - Tesla adapts their quality control so Tes…

It looks great on paper, but isn't their core customer going to drop them without elon?

Re: Lawyers who voided Elon Musk's pay as excessive want $6B fee

#75
post #72

Earlier quoted context omitted.

Elon leaves Tesla: - Tesla finally settles with unions and starts treating their employees fairly. - Tesla addresses the water pollution of their Gigafactories in Europe. - Tesla signs that collective bargaining agreement in Sweden so they can finally sell cars there (and have their charging stations unblocked). - Tesla adapts their marketing to stop claiming auto-pilot bs. - Tesla adapts their quality control so Tes…

It looks great on paper, but isn't their core customer going to drop them without elon?

Tesla's core customer is a person buying a fairly spartan EV sedan or crossover. That's not going to change until the current rate of Cybertruck production and pre-order delivery acceptance changes.

Re: Lawyers who voided Elon Musk's pay as excessive want $6B fee

#76
post #59

Earlier quoted context omitted.

Since the stock went up 10x during the timeframe of the deal, the shareholders benefited a lot.

Some shareholder benefited a lot. Some bought at the top and have only had negative returns. Some have a net zero cause the bought at this point on the way up. Just because some people have astronomical returns doesn't mean everyone received the same.

Especially if they hold TSLA indirectly through ARKK.

Re: Lawyers who voided Elon Musk's pay as excessive want $6B fee

#77
post #47

Earlier quoted context omitted.

A fair wage is what the market will pay. Unfortunately for most teachers, there is not a fair market, but a vise with government and unions on either side they’ve created for themselves. Also, when teacher salaries are evaluated at an hourly rate (30 hour weeks, 11-weeks of vacation per year), it’s not as bad as it seems.* * My wife was a teacher, my parents were teachers, my aunts and uncles were teachers, my grandp…

// A fair wage is what the market will pay // Well, I wouldn't go that far (cf. my example above on the pay differential between the oldest profession and the second-oldest profession) But it does at least set prices in a way which both buyer and seller agree on. // they aren't educators, etc // You have a way to let teachers make substantially larger wages? Let's hear it:-)

Private tutor?

Re: Lawyers who voided Elon Musk's pay as excessive want $6B fee

#78
post #47

Earlier quoted context omitted.

// A fair wage is what the market will pay // Well, I wouldn't go that far (cf. my example above on the pay differential between the oldest profession and the second-oldest profession) But it does at least set prices in a way which both buyer and seller agree on. // they aren't educators, etc // You have a way to let teachers make substantially larger wages? Let's hear it:-)

Private tutor?

What's stopping teachers from being private tutors now?

Re: Lawyers who voided Elon Musk's pay as excessive want $6B fee

#80
post #78

Earlier quoted context omitted.

What's stopping teachers from being private tutors now?

Good question

The answer is that being a private tutor, on average, pays even less than they make now.

You know how I know that? Because they aren’t already doing that.

How many families could afford the salary of even one teacher?

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