Thread regarding Wells Fargo & Co. layoffs

WF shareholders: Take note of legal action re: Musk's compensation pkg

https://www.washingtonpost.com/technology/2024/01/30/elon-musk-pay-package/

A Delaware judge on Tuesday ruled that Elon Musk’s generous 2018 compensation package, which helped make the tech entrepreneur the world’s richest person, was unfair and should be undone.

The $56 billion package, advanced by shareholders and Tesla’s board, entitled Musk to stock options in the company as it hit specific performance targets. Shareholders sued Musk, alleging the process that led to the package was improper.

“The defendants proved that Musk was uniquely motivated by ambitious goals and that Tesla desperately needed Musk to succeed in its next stage of development," Chancellor Kathaleen

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| 831 views | | 3 replies (last February 1, 2024) | Reply
Post ID: @OP+1qQHYCYC

3 replies (most recent on top)

you people would seriously be happier if you worried less about what other people make. envy is not a virtue.

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Post ID: @1pkt+1qQHYCYC

Sir, this is Wendy’s.

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Post ID: @pyg+1qQHYCYC

Heh. We could use ANYONE at the top at WF that was desperate to achieve anything useful. But hey, let's keep rewarding failure and punishing success. Surely that will lead to a great future.

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Post ID: @yyv+1qQHYCYC

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