Tesla seeks to reinstate Elon Musk’s $56 billion pay deal in a shareholder vote. The mere thought of this proposal is mind-boggling, especially considering the recent layoffs that occurred where over 14,000 employees lost their jobs. The timing seems suspicious, almost as if it is a distracting tactic to shift the public focus away from the poorly handled layoffs. As a shareholder, the audacity of this proposal is both alarming and concerning.
The performance at Tesla has been nothing short of dismal. With a decrease in sales, shrinking margins, stock value plummeting, and major defects like the acceleration bug in the Cybertruck, it paints a grim picture of the current state of the company.… Continue reading
It’s truly mind-boggling to see the CEO of Norfolk Southern receive a 37% raise following a catastrophic derailment that caused significant harm to a local community. This blatant display of rewarding failure is a testament to the brokenness of our current system. While hard-working individuals struggle to make ends meet and receive meager raises that barely keep up with inflation, CEOs like this receive exorbitant compensation for their inability to perform their duties effectively.
The fact that Shaw’s total compensation increased to $13.4 million in 2023, up from $9.8 million in 2022, is not only unjust but also reflects a disturbing trend in corporate America.… Continue reading
Tesla shares took a significant slide recently after a judge voided Elon Musk’s jaw-dropping $56 billion compensation package. Judge Kathaleen McCormick ruled that Richard Tornetta had successfully proven that Musk “controlled Tesla” and that the process leading to the board’s approval of his compensation was “deeply flawed.” This decision raises several questions about Musk’s authority and accountability within the company.
One of the key issues highlighted by Judge McCormick was Musk’s extensive ties with individuals involved in negotiating on Tesla’s behalf. These individuals included management members who were apparently beholden to Musk. For example, General Counsel Todd Maron, who once served as Musk’s divorce attorney, was among those involved.… Continue reading
Elon Musk, the controversial and eccentric CEO of Tesla, has been dealt a major blow in his quest to retain a compensation package worth over $55 billion. A judge in Delaware has ruled that Musk must surrender the package, which was awarded to him by Tesla’s board of directors.
This ruling comes after a shareholder lawsuit accused Musk and the board of breaching their duties to the company, resulting in the misuse of corporate assets and unjust enrichment for Musk himself. The plaintiff’s lawyers argued that the pay package was essentially dictated by Musk and that the negotiations with the supposedly independent directors were nothing more than a charade.… Continue reading
Yes but that’s also literally what makes it capitalism. Your job exploits your capability to make them money at a greater rate than they have to pay you. You aren’t all fairly compensated for your work because some of the proceeds of that work are instead funneled off to compensate those who did nothing more than provide capital for the company to utilise, in the form of stocks.
That’s what makes this form of work naturally exploitative. Contrast this with, say, a work situation where you barter your work on X project, for their work on y project for you; you cut my hair, I give you some carrots I grew.… Continue reading
John Q. Hosedrinker 
Matt Underwood