Cult of Elon Musk
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SpaceX is cool. But I thought Elon Musk was a crook after he used TSLA to bail out his and his family's investments in SolarCity.
But now I know he's a crook. He wants 8.5% of TSLA's worth in stock options if he can take it to a market cap of 650 billion. He doesn't get that all at once, he gets it in 50 billion dollar market cap steps, so it's not all or nothing. And that 8.5% is on top of his current ownership share of 33 million shares.
People complain about CEOs making 10s of millions in stock options/salary, but he wants 55.8 BILLION in compensation.
It might be legal, but it's unprecedented. He should be happy to see his 33 million shares appreciate and get paid a fat salary and options. He shouldn't need to steal from shareholders through massive dilution.
https://www.bloomberg.com/news/articles/2018-01-23/tesla-tops-ups-all-in...
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Bump for legal theft.
Bump for legal theft.
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it's a sad world
it's a sad world
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who will think of the
who will think of the stockholders!?