Will Tesla shareholders re-approve Elon Musk's thrown out pay package?
Basic
67
42k
resolved Jun 13
Resolved
YES

In January 2024, a Delaware court threw out a Tesla pay package for Musk then worth $51 billion.

Tesla has filed a letter to stockholders with the SEC that asks them to vote to re-approve this package.

https://edition.cnn.com/2024/04/17/business/tesla-shareholders-musk-pay-package/index.html

Get Ṁ600 play money

🏅 Top traders

#NameTotal profit
1Ṁ761
2Ṁ620
3Ṁ344
4Ṁ309
5Ṁ269
Sort by:
bought Ṁ352 YES

I'll resolve after Tesla has officially announced the results at 20:30 UTC

boughtṀ4,000YES

@TonyPepperoni what happened? Wasn't the vote tomorrow or smth

nvm

apparently it's passing by a wide margin

What if they don't pay out the full $51 billion, how does this resolve ?

@Odoacre If he gets fewer stock options than in the original package, this will resolve No, since it's not the same pay package.

The stock options don't have to be worth $51B though (I believe they are worth less, at this point), the number just has to be right.

Comment hidden

Kinda doubt Musk would have put forward such a proposal unless he (and his team) were pretty sure it'd pass.

@OliverMattos nah he would go for it anyway I reckon. He's that type of guy.

bought Ṁ250 YES

"When something is important enough, you do it even if the odds are not in your favor."

bought Ṁ100 YES

What incentive do shareholders have to retroactively pay for something a court has already let them off not paying? It's basically a huge donation at that point...

KolyinboughtṀ10NO

Maybe if the share price were higher, or if they weren't trying to reward him for work that he's already done.