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Tesla shares slide after judge voids Elon Musk's $56 billion compensation (www.cnbc.com)

submitted 9 months ago by L4s@lemmy.world to c/technology@lemmy.world

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Tesla shares slide after judge voids Elon Musk's $56 billion compensation::The compensation package the Tesla board gave CEO Elon Musk set a record for publicly traded corporations, a Delaware judge noted in her ruling.

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[–] dynamojoe@lemmy.world 7 points 9 months ago (1 children)

They've been sliding all month. $249->$188 so far.

[–] dragontamer@lemmy.world 4 points 9 months ago

Its actually up right now today. The headline sucks.

Voiding the stock-based compensation means that all other shareholders will automatically get more control of the company. This is actually a good ruling for TSLA shareholders, not that the cult members understand anything about corporate politics, corporate control, or how shares fucking work.