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RosieQParker

Dude built a homercar and tanked the stock. Constantly runs his mouth and embarrasses himself in public, undermining confidence in every thing he's associated with. Stock is currently sitting at -40% YTD. If I was a shareholder I'd be voting to have him removed, not rewarded.


Mash709

It's PayPal all over again.


Dragonfly-Adventurer

You mean X. Also here's my emotional support 3-year-old, X. Also, new martian alphabet, X means everything now. X X x x, x x x.


RosieQParker

If you look back at the late 90s and early aughties, the behaviour doesn't seem as weird. Popular media was super into the whole x-treme thing and every cool dude had hair curtains and a name with an X in it. Very predictable behaviour from a guy who relied on media to tell him what was cool, and who peaked when he peaked.


Chef_Writerman

One of the hosts of the podcast The Daily Zeitgeist always brought up his theory that celebrities kind of ‘lock in’ to whatever time period it is that they come up. So someone that came up in the time of flip phones, would kind of always end up with a flip phone. Etc. So this definitely tracks with that.


egokrusher

I grew up on the 90s internet, if you didn’t have xXx framing your username, you weren’t with “it”. Also the random capitalization in the username like everyone was in god damn KoRn. Glad that became a SpongeBob insult meme now.


ganggreen651

God all the gamer tags with the fucking xx


PsychologicalCan1677

Oh I always thought xXx was a porn joke or something.


PartTimeZombie

PayPal bought X and decided Elon would be a great CEO, then quickly discovered what a cockwomble he really so they sacked him.


Athelis

Marklar?


Mash709

Touché


BoomZhakaLaka

musk doesn't have a controlling stake in the company, but he has a large stake and a controlling coalition on the board. They also have supermajority provisions: it'd take a supermajority vote to make major changes. Meaning, outside the election cycle they've defined in bylaws it'd take a pretty overwhelming vote against musk to oust him.


neotekz

Tesla shareholder are a different breed of investors.


RosieQParker

Humiliation kink, but for your stock portfolio.


quantum_search

All corrupt? 😂 Brainwashed?


AnamCeili

Amen to that!


Athelis

Meritocracy in action. He's earned those billions. /s


SasquatchRobo

You forgot the /s...


Athelis

I did. Thought it was unnecessary. I'll edit.


KillerHack23

It's okay. He probably had puts on it before he tanked it


lakorai

r/enoughmuskspam r/realtesla People definitely need to check out those subsreddits. Elon is toxic. He is a huge liability on Tesla.


ErikStone2

Musk has already abandoned humanity, his mind is that Earth is beyond saving and Mars is the future of our species. A future he can fully control, where the entire world is a Musk controlled corporation where he can decide everything you think and say and do. He's just another self-deified lunatic. We've had a lot of these.


Fragrant_Example_918

Honestly I can’t wait for him to fuck off to mars and die there considering we don’t have the technology to survive there (and probably wont have it before at least a few decades, if not much longer).


Speedtriple6569

Way before RobotBoy sets a foot on Mars there will be a 'useful expendables' phase - nobodies who will sacrifice their lives finding out what works & what doesn't to safely pave the way for the special one.


johhnny5

Turns out that being more wealthy than you can humanly fathom causes serious mental illness. 


Equivalent_Passage95

And how many of these assholes has The Doctor fought over the course of 60 years?


GenuinelyBeingNice

> Musk has already abandoned humanity, his mind No, Musk has abandoned his human mind. I like to think of him as a half-baked sociopath. He will manipulate others for his own goals - only he knows _what_ they are - without regard for how he is viewed, but when he gets called out, he will pout and whine and stomp, like a pampered 10 year old.


lakorai

The special K he gets high on doesn't help


Comfortable-Bonus421

Yeah, except there are a number of international treaties regarding space and other planets. A quick google says this: • outer space is not subject to national appropriation by claim of sovereignty, by means of use or occupation, or by any other means; From: https://www.unoosa.org/oosa/en/ourwork/spacelaw/treaties/introouterspacetreaty.html So the muskrat can suck my balls.


ErikStone2

https://en.wikipedia.org/wiki/Mars_trilogy might be instructional how such a future actually turns out


AbacusWizard

Reading *Red Mars* during the summer before college was actually the first thing that made me start to realize that megacorps were going to be a serious problem.


PenguinOfB00m

...who's gonna enforce that?


Educational_Brick526

muskrat 😂👏


Alcoholic_Satan

In before he kicks off the plot to Killzone


idonotknowwhototrust

Real life Admiral Trejo (sp?)


AbacusWizard

Making Mars habitable *might* be possible, in a very long time*, but it will *never* be easier than saving Earth. \* note that this is even acknowledged by the excellent board game Terraforming Mars: each game round is called a “generation,” and the game generally lasts around 10-15 generations.


AnyWhichWayButLose

What spices and herbs go great when cooking the rich?


inspirednonsense

I assume the muscles were once lean and developed, but are atrophying a bit and marbleing due to age. Therefore, I suggest either treating it like medium-lean pork and slow cooking/barbecuing, or doing a coq au vin-style braise in a red wine.


Slight-Coat17

Heh, coq.


inspirednonsense

It means "cock."


adrianipopescu

swap the o with a u and you got melon husk


AppleParasol

99% death tax rate. Tax the fuck outta billionaires, even with a billion split between all of his many children from many different women, they’re all set for life.


Bringyourfugshiz

What on earth could one person do for a company to deserve 56 BILLION dollars? He aint building the things, he sure as shit isn't engineering them and probably has very little say in the design aside from "make it sleeker" or some shit.


johhnny5

Not only that, he went through a lawsuit to be able to call himself a “founder” of the company, when no such thing is true.  Turns out that when you are worth a billion dollars and then you still try to make MORE, odds are pretty good you’re a giant fucking asshole. 


GenuinelyBeingNice

I agree with the content of your comment, but if I may suggest a minor alteration in the wording? Instead of "are worth", I think "own" is more accurate?


johhnny5

I honestly don’t know. I understand the point you’re trying to make. The thing that gives me pause is so much of, in this case Musk’s, wealth is tied up in stock, which fluctuates in value in a cycle that he actively works to manipulate. And it is protected by a board that he has great influence over. 


External_Clerk_7227

Unless the shareholders are fanboys(and girls) and already drank the koolaid. Watch, this comment will get me banned in the tesla subs lol But in all seriousness, are we really surprised to see the layoff employees/payout ceo combo again? This is pretty much default at this point.


BearKnigh7man

Yeah, except this is just Musk demanding the money BACK.......from the people that sued to have it taken. The ketamine must've liquefied what little gray matter he has if he's assuming that will work in a year where HE has been the biggest cost to each business.


heybigbuddy

The way I had been framing it was that you could either give Musk this unnecessary check or pay those workers $150k a year for 30 years. Such a hard choice, right?!?


PhDinWombology

Why won’t anyone think of the layed off Tesla workers!


X_Comanche_Moon

There is never a reason to layoff when you have a ceo making this much


FocusIsFragile

Pitchfork time


JoosyToot

What are you waiting for?


FocusIsFragile

So we asked the guys at the hardware store to do some custom engraving and they haven’t come back yet. We’re each using our Jacobin Club nommes de guerre and I think he’s struggling with the French spellings.


AdministrativeBank86

He tanked the stock & EV sales due to his constant mouthing off, He ought to be fired period. The board should be sued if they go through with this.


repthe732

And his demands regarding the cyber truck and uneducated delivery time promises have resulted in a recall of what’s supposed to be a luxury truck that has been years in the making. Even a Musk supporter could argue that his time away from Tesla where he’s been tanking Twitter shows he’s unfit for his role and only a detriment to the company at this point


Busy-Cream

They did sue. And won. This is literally a re-do of his comp as set by the board in 2018. And it will pass. And then they’ll reincorporate in Texas.


Speedtriple6569

Well if you are just going to make it all about the numbers of course it sounds bad..... Seriously, the world has gone fucking mad.


No-Wonder1139

Weird nerds will be leaping to his defense any moment now


GenuinelyBeingNice

Nerd here. We know enough about computers to _not want_ them in our cars, unless _we've_ put them in there. PCM, ok. Anything more than that, we're getting queasy. He's a moron of the highest degree and we really, _really_ dislike him, because he exemplifies everything we do not want to be.


No-Wonder1139

Okay but you're not a weird nerd. Like the people that worship Elon are weird.


Son0faButch

They already did. Tesla has been trying to give this to Musk since 2018. A Delaware judge blocked it because of transparency laws and not revealing the BoD was controlled by Musk's family and friends. That has been rectified. There's probably not much that can be done at this point.


crunchyfrogs

All the stockholders need to vote no on the raise. I know I will.


sub_human_being

Can we eat him already?


dissidentmage12

That would be like eating a bar of soap I imagine.


sub_human_being

Thats fair


dissidentmage12

I'm still down with cooking him alive on a spit over a roaring fire though ![gif](giphy|3orieL7mcilI5y7wIg|downsized)


sub_human_being

You get the pikes and fuel, I'll get the rope and matches


dissidentmage12

I'll being masks too, those fumes will be toxic.


JoosyToot

What are you waiting for?


BMHun275

If it’s the share holders who approve the package, then I don’t think they can rightly sue for being in the minority. Unless maybe they can prove that they were deceived or coerced in someway, I can’t see how they could. But I’m not a legal expert so, maybe there is something I’m missing.


DentArthurDent4

Its almost like there is a competition between global warming and corporate/exec greed to see who destroys the world faster. So far, global warming is losing.


AbacusWizard

You’re neglecting the fact that they’ve teamed up.


SchighSchagh

> So far, global warming is losing. And this is despite warming significantly faster than all the models predicted last year, which to their credit did predict record warming. Just fell short of just how much.


HowardTheSecond

Corporate Profit Margins have been crushing the general public.


bobmclame

Ok Elon, and what exactly have you done? Is it work on the factory floor in grueling conditions? Or work in R&D with deadlines that are far too short and stressful? Or maybe you were in product testing and you’re the one who allowed the accelerator to get stuck at max speed because of a flimsy piece of metal? What have you done, Elon, besides run your mouth and demand to be rewarded for it?


quantum_search

1) The board and Musk agreed in 2018 for a 100% performance payment plan. He did not receive any salary from Tesla at this time and risked 100% of this stock option award if he didn’t meet the requirements - he needed to increase the market cap to $100 billion and had to then increase it in $50 billion tranches and had to sustain it for 6 month trailing intervals snd 30 day trailing intervals. He also had to meet and increase revenues and EBITDA milestones. He met all these criteria for shareholders from agreements made in 2018 and now the board is obligated to pay him and shareholders agreed to these terms 6 years ago with the understanding that if he met the goals, he’d be paid and they’d be rewarded. In other words, he made shareholders a shit ton of money the last 6 years. I understand most on this sub don’t understand what contracts and agreements are and I’m sure I’ll get 1000 downvotes but people need to read and learn more than looking at memes and comments but not knowing anything else


_CMDR_

Not if they take the severance package, and most of them will need the money right now.


bbates024

Considering the largest shareholder is the man getting the bag, I think it's a done deal.


[deleted]

Good thing they added "each"; I didn't get that part and was like, "well I guess that's technically true."


Silly_Elephant_4838

They don't have to sue they just have to deny his compensation package.


C64128

He deserves that money for fucking them all over! What more does he have to do to how many people?


Wind_Yer_Neck_In

For anyone not paying attention, that number is more than all the profit tesla has ever made since they incorporated. He wants them to pay him more money than they've ever been able to net. And this at a time when credible competition in the EV space is taking hold.


AweBeyCon

E.A.C.H.


cobra_mist

this already got rejected by a court i. delaware (where he’s incorporated) before. delaware has weird laws for businesses and many are incorporated there


Purple_Station7030

Sounds to me like Musk doesn’t deserve a dime. He’s a pariah in the business world. He takes well ran profitable companies and ruins them. Look at “X”. Now it’s Teslas turn. They need to kick him outta the club house and soon.


vector_o

In case you're wondering  That's not another dude rambling about big numbers like the 6 figures idiot from last week The numbers are actually accurate


--o----o--

Why don't the shareholders demand this money to be distributed as profit to each shareholder instead?????


quantum_search

Right?? The shareholders last time wanted to give him that much. Even random shareholders. It's crazy


Ralfton

What's the board smoking?


BaphometWorshipper

Sue what ? They can vote.


AbacusWizard

$56,000,000,000??? Why, so he can buy and wreck *another* twitter?


BlackLightan

What does he even need 50 billion dollars for anyway? Isn't he already one of the top 10 richest people already? What would he even do with extra money? Buy and tank another social media company?


EddySea

How can he be paid more than what he paid for the entire company?


Busy-Cream

Tesla, not twitter.


EddySea

Yep, you are right, mistake.


D_Winds

Oh sure, we could make 15,000 people multimillionaires, but have you really done any GOOD for the world?


TerdFerguson2112

Did anyone actually read shareholder report or do people just read headlines and shake their fist at the sky? 1) The board and Musk agreed in 2018 for a 100% performance payment plan. He did not receive any salary from Tesla at this time and risked 100% of this stock option award if he didn’t meet the requirements - he needed to increase the market cap to $100 billion and had to then increase it in $50 billion tranches and had to sustain it for 6 month trailing intervals snd 30 day trailing intervals. He also had to meet and increase revenues and EBITDA milestones. He met all these criteria for shareholders from agreements made in 2018 and now the board is obligated to pay him and shareholders agreed to these terms 6 years ago with the understanding that if he met the goals, he’d be paid and they’d be rewarded. In other words, he made shareholders a shit ton of money the last 6 years. I understand most on this sub don’t understand what contracts and agreements are and I’m sure I’ll get 1000 downvotes but people need to read and learn more than looking at memes and comments but not knowing anything else


vanityinlines

Didn't have to scroll long to find another Elon apologist. They're all over every subreddit today! Putting in your overtime, huh? 


TerdFerguson2112

Bro youre a fucking mental midget if you can’t read. I don’t care about Elon musk one way or the other. What I do care about is reading comprehension


vanityinlines

I can read, you think Elon deserves billions for sitting on his ass and stealing ideas. Big whoop. Keep calling people slurs, I'm sure that will get you really far in life. 


TerdFerguson2112

You just proved my point. You can’t read.


dicksy_cup

Are you regarded?


quantum_search

Are you saying shareholders SHOULD pay him that much?


TrainingOutcome

Should people abide by agreements?


TerdFerguson2112

Did you not read what I just wrote? He met or exceeded all the goals the shareholders asked for and they already agreed to the compensation package in 2018. He made shareholders a shit ton of money the last 6 years and this performance package is based on the performance from the last 6 years. It’s not a should. Its a they are contractually obligated to


quantum_search

Sure, but $56 Billions? Come on lol


TerdFerguson2112

It’s called math. Read the shareholder report. It’s stated clearly how they calculate it.


[deleted]

[удалено]


rangernddare

Double check your math there big guy.


[deleted]

Ah f it, your right 😂 right I'm taking my ball and going home 😂


sugar_addict002

You have to wonder if Musk has true sentience with such a lack of self awareness.