Elon Musk Wants $50 Billion or He'll Walk

[Passages]

Today on TAP: Unless Tesla shareholders grant him this tidy bonus, he’s threatened to take his marbles elsewhere.

BY HAROLD MEYERSON JUNE 6, 2024

It’s election season near and far. Voting begins today, and continues through Sunday, for the European Parliament, in which parties of the far right are expected to pick up seats. India’s just-completed election demonstrated the limits of Hindu nationalism, with lower-class (and -caste) Hindus joining Muslims to put the brakes on Prime Minister Modi’s Hindu-über-alles policies. Mexico’s incoming president is a female progressive climate scientist—a trifecta breakthrough for our southern neighbor. And on July 4, U.K. voters will go to the polls, likely to reject the continued misrule of the Etonian twits and LizTrussian libertarians who lead the Tory party.

But the most ridiculous and outrageous of this month’s elections will take place one week from today in our very own United States. On June 13, Tesla shareholders will vote on whether to grant founder and CEO Elon Musk a bonus worth roughly $50 billion (estimates range from $45 billion to $56 billion).

This is the first time in recorded history that the proposed pay level of a single person has been so large that it’s actually a macroeconomic issue.

SNIP
The tale begins in 2023, when Musk purchased Twitter through some bank loans secured by his Tesla holdings, as well as $20 billion that Musk put up himself through the sale of some of his Tesla stock. His moves caused Tesla’s share value to plummet, costing him roughly another $20 billion or thereabouts. In consequence, Musk fell from his perch as the planet’s wealthiest person all the way down to the planet’s third-wealthiest person. By granting Musk $50 billion in stock, Tesla shareholders could push him back up to where Musk believes he belongs: not just Earth’s wealthiest human, but also a guy worth more than the GDP of numerous small countries.
https://prospect.org/blogs-and-newsletters/tap/2024-06-06-elon-musk-wants-50-billion/

[DURHAM D]

1. Bye Bye

[Deuxcents]

2. Start walking.

[unblock]

3. I'll happily finish twitter off for a mere $45 billion. Everybody wins!

[Passages]

4. Ha ha ha very good!

[Arne]

5. I think he earned it

by inventing a little handle in the middle of eye glasses.
It makes them easier to take on and off.
Look it up.

[unblock]

7. One dollar and NINE CENTS!

[House of Roberts]

9. So, actually a dollar plus the sales tax?

That’s what we pay here in my town.

[bullimiami]

13. The optigrab???

[Arne]

17. That may be it ,,,,

But I'm not sure.

[getagrip_already]

6. Win/win

Losing musk is a win for tesla. He has done zero for that company.

[walkingman]

8. Walk on....no one is worth that.....take a hike.

[Blue Owl]

10. Go find a plank and start walking, fucko

[kysrsoze]

11. Please proceed, asshole. It's the only way I'll ever buy another Tesla.

He is worse than worthless - he is actually a detriment to the company, and they should be looking at this as a potential way of saving their company. I am not being hyperbolic- that company is in serious trouble.

[Grins]

12. Immediate stick holder lawsuit!

Corporate malfeasance if the board agrees to this extortion.

[Trueblue1968]

14. Let the ugly bastard walk. He isnt worth a plug nickel. Musk-ox is an A-hole

anti-virus figure. Evil POS

[duckworth969]

15. Walk off the edge of a cliff

Fascist pig

[marble falls]

16. Let him walk. Or better yet, let him take one of his rockets somewhere.

[Yo_Mama_Been_Loggin]

18. Don't let the door hit you where the good lord split you Eloon

[2naSalit]

19. HA!

C-YA Sport!

And while you're t it, fuck off all the freakin way.