Rocksolid Light - sci.electronics.design - Re: Judge strikes down Elon Musk’s massive, multi-billion-dollar pay package

Re: Judge strikes down Elon Musk?s massive, multi-billion-dollar pay package

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From: jl@650pot.com (john larkin)
Newsgroups: sci.electronics.design
Subject: Re: Judge strikes down Elon Musk???s massive, multi-billion-dollar pay package
Date: Wed, 31 Jan 2024 10:31:12 -0800
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by: john larkin - Wed, 31 Jan 2024 18:31 UTC

On Wed, 31 Jan 2024 08:21:44 -0800 (PST), Fred Bloggs
<bloggs.fredbloggs.fred@gmail.com> wrote:

>Every single company the joke works for past and present wants this scourge out of their operations and off the premises. Legal arguments of the defense are as absurd as he is. This is the age of grifters.
>
>https://www.cnn.com/2024/01/30/investing/elon-musk-pay-package-thrown-out/index.html

People who start trillions of dollars worth of businesses can often
get a fraction of the created value as a payoff. Nothing but jealousy
explains objections to that.

A tech billionaire doesn't consume much more food or air or even
housing than the general population and often does them a lot of good.
Their wealth is mostly pieces of paper or bits spinning on a drive
somewhere.

You should create something and grift a bit yourself. We won't mind.

Re: Judge strikes down Elon Musk’s massive, multi-billion-dollar pay package

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Subject: Re:_Judge_strikes_down_Elon_Musk’s_massive,_multi-
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by: whit3rd - Wed, 31 Jan 2024 22:25 UTC

On Wednesday, January 31, 2024 at 10:31:35 AM UTC-8, john larkin wrote:
> On Wed, 31 Jan 2024 08:21:44 -0800 (PST), Fred Bloggs
> <bloggs.fred...@gmail.com> wrote:
>
> >Every single company the joke works for past and present wants this scourge out of their operations and off the premises. Legal arguments of the defense are as absurd as he is. This is the age of grifters.
> >
> >https://www.cnn.com/2024/01/30/investing/elon-musk-pay-package-thrown-out/index.html
> People who start trillions of dollars worth of businesses can often
> get a fraction of the created value as a payoff. Nothing but jealousy
> explains objections to that.

Oh, that's so WRONG. The people 'who start' may be good with gab and
smiles on camera, but the people who PAID IN to get things happening
were being ripped off by serving all the greens to the smiley-face.

Elon deserves what his stake in the company amounts to, just like
the other stockholders do. His stake is quite adequately large for
compensation, even if he has to do extra smiles... the judge
will also allow him a bonus as an executive, but... the executive position
is NOT more important financially than stock ownership.

Re: Judge strikes down Elon Musk?s massive, multi-billion-dollar pay package

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From: jl@997PotHill.com (John Larkin)
Newsgroups: sci.electronics.design
Subject: Re: Judge strikes down Elon Musk???s massive, multi-billion-dollar pay package
Date: Wed, 31 Jan 2024 17:21:40 -0800
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by: John Larkin - Thu, 1 Feb 2024 01:21 UTC

On Wed, 31 Jan 2024 14:25:14 -0800 (PST), whit3rd <whit3rd@gmail.com>
wrote:

>On Wednesday, January 31, 2024 at 10:31:35?AM UTC-8, john larkin wrote:
>> On Wed, 31 Jan 2024 08:21:44 -0800 (PST), Fred Bloggs
>> <bloggs.fred...@gmail.com> wrote:
>>
>> >Every single company the joke works for past and present wants this scourge out of their operations and off the premises. Legal arguments of the defense are as absurd as he is. This is the age of grifters.
>> >
>> >https://www.cnn.com/2024/01/30/investing/elon-musk-pay-package-thrown-out/index.html
>> People who start trillions of dollars worth of businesses can often
>> get a fraction of the created value as a payoff. Nothing but jealousy
>> explains objections to that.
>
>Oh, that's so WRONG. The people 'who start' may be good with gab and
>smiles on camera, but the people who PAID IN to get things happening
>were being ripped off by serving all the greens to the smiley-face.

Then don't pay in and you won't be ripped off.

>
>Elon deserves what his stake in the company amounts to, just like
>the other stockholders do. His stake is quite adequately large for
>compensation, even if he has to do extra smiles... the judge
>will also allow him a bonus as an executive, but... the executive position
>is NOT more important financially than stock ownership.

If the shareholders don't want him to have a bonus, he won't get one.
Nothing to get worked up about.

Re: Judge strikes down Elon Musk’s massive, multi-billion-dollar pay package

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by: whit3rd - Thu, 1 Feb 2024 03:25 UTC

On Wednesday, January 31, 2024 at 5:23:01 PM UTC-8, John Larkin wrote:
> On Wed, 31 Jan 2024 14:25:14 -0800 (PST), whit3rd <whi...@gmail.com>
> wrote:
> >On Wednesday, January 31, 2024 at 10:31:35?AM UTC-8, john larkin wrote:
> >> On Wed, 31 Jan 2024 08:21:44 -0800 (PST), Fred Bloggs
> >> <bloggs.fred...@gmail.com> wrote:
> >>
> >> >Every single company the joke works for past and present wants this scourge out of their operations and off the premises. Legal arguments of the defense are as absurd as he is. This is the age of grifters.
> >> >
> >> >https://www.cnn.com/2024/01/30/investing/elon-musk-pay-package-thrown-out/index.html

> >The people 'who start' may be good with gab and
> >smiles on camera, but the people who PAID IN to get things happening
> >were being ripped off by serving all the greens to the smiley-face.

> Then don't pay in and you won't be ripped off.
> >
> >Elon deserves what his stake in the company amounts to, just like
> >the other stockholders do. His stake is quite adequately large for
> >compensation, even if he has to do extra smiles... the judge
> >will also allow him a bonus as an executive, but... the executive position
> >is NOT more important financially than stock ownership.

> If the shareholders don't want him to have a bonus, he won't get one.
> Nothing to get worked up about.

Not 'worked up', it was shareholders, with standing to sue, that took
the matter before the judge.

It's not getting worked up, it's getting a lawyer that is called for.

Polymer physicists are into chains.

tech / sci.electronics.design / Re: Judge strikes down Elon Musk’s massive, multi-billion-dollar pay package

Subject	Author
Re: Judge strikes down Elon Musk?s massive, multi-billion-dollar pay package	john larkin
Re: Judge strikes down Elon Musk’s massive, multi-billion-dollar pay package	whit3rd
Re: Judge strikes down Elon Musk?s massive, multi-billion-dollar pay package	John Larkin
Re: Judge strikes down Elon Musk’s massive, multi-billion-dollar pay package	whit3rd