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Aren't these the same investors that recently decided that that $56 billion package was reasonable? Do they even listen to themselves?
$56 billion to Elon is good because, based on his performance so far, he's the smartest man in the world who will make the best cars and make Tesla the most important corporation on the planet.
Have those lawyers ever come up with something genius like the Cybertruck? I rest my case.
If you don't pay the $7b then maybe next time Elon won't get his pay package...
And it's like one of the board members said, it's not about money. It's about making sure Elon is motivated and we do that....by giving him a bunch of money.
Their cognitive dissonance is strong.
I don't disagree, however I never found anyone breaking down the % of shares that Musk owns vs others. So I think it could be that Musk plus his buddies have enough shares to get the votes for the pay package, but only 51%, leaving 49% to be annoyed at the costs.
Not quite, the case was started by a small minority investor.
Small minority is even an understatement in how small the investor is. The suit was started by a metal head who owned less than 10 shares.