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submitted 5 months ago by BrikoX@lemmy.zip to c/teslamotors@lemmy.zip

Letter urges shareholders to reject CEO pay plan and boot two board members.

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[-] ringwraithfish@startrek.website 10 points 5 months ago

It makes you wonder why he needs the payout. I just listened to a podcast about Michael Jackson (Timesuck if you're curious, highly recommend it) and he talked about how Jackson was in massive debt by the end and was prepping for a tour to make money to pay back his debts right before he died. The host pointed out it doesn't matter how rich you are, you can always overspend.

Obviously, at billionaire level the debt isn't going to be with luxuries and goods. Could it be debt to other billionaires or countries made under the table? He's shown in recent years that he's not the business genius he tried to pretend he was, so it wouldn't be that far fetched.

[-] Zorque@kbin.social 12 points 5 months ago

Well, he did buy an entire social media platform he then did his best to sink.

[-] Zipitydew@sh.itjust.works 5 points 5 months ago

And technically he took on a bunch of loans and IOUs with people like the Saudis to make that happen. So I'm sure he's a bit concerned about liquidity and paying those people back.

[-] Jakeroxs@sh.itjust.works 3 points 5 months ago

Unless they got what they paid for

this post was submitted on 22 May 2024
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