Posted on 02/02/2024 3:27:57 AM PST by dennisw
I read the maggot lawyers are due to get 5 billion dollars to divide up. Tesla paying them.
Can this be true?
Did lawyers recruit this drummer? Will they share the spoils with Mr Metalhead Drummer?
Musk might surprise them....He doesn’t need TESLA in his repetoire...It’s just what he was most known for. But Space X and all his other ventures have risen and surpass “The EV”.
The backstory as shown, promises to become a very long, sprawling tale, jammed with surplus details.
Is there a shorter, more concise summary of how this ex drummer may be collecting over $55. Billion Dollars from Elon Musk?
Almost like they’re using the “Get Trump” MO on Musk.
He's not collecting anything. All he did was temporarily block Musk from receiving a salary of 55 billion. I wouldn't be surprised if Musk has a clause in his contract to collect even more as part of any severance package in order to step down.
The suit makes absolutely no sense....and the Judge has “0” exhibits of a comparable case and “0” knowledge of Musk’s talents beyond what we know.
It was a negotiated pay package between Musk and the Tesla Board. There were certain benchmarks to be met by Musk’s performance. He met and exceeded all of them. One in particular was annual revenue. The benchmark was $650 Billion. It exceeded $1 Trillion.
Musk lived up to his end of the deal and the Delaware judge blocked Tesla from living up to their end.
My suggestion: Musk should sue Tesla in a Texas court for breach of contract. The two parties quickly settle out of court for $55 Billion. Screw the Delaware judge.
EC
I don’t believe that it is a salary. It is Tesla stock. Musk’s wealth is in stock, not cash coming in.
Musk recently stated that he would need 25% ownership of Tesla to stay “interested”. This appears to be what that is in reference to. The board wanted to retain Musk’s present involvement. Metal Drummer didn’t, and seems to be calling the shots.
I don’t know if the Tesla board can overcome this, but I would expect Musk to step down as Tesla CEO. Maybe he would become CTO, as he expressed interest in Tesla’s robotic manufacturing.
Thanks for that overview.
Was not in the mood to go trudging through the tundra of “required reading”.
Seems very similar to Trump's NYC real estate case. Trump wanted to borrow money, the banks wanted to loan money. Trump paid back the loan, with interest, and the banks were pleased. No one was defrauded. And -- Voila! -- the judge says Trump owes $350M for fraud.
“Was not in the mood to go trudging through the tundra of ‘required reading.’”
These authors that get paid by the word are the worst. I skimmed the excerpt and couldn’t find the pith. What a dog’s breakfast of an article.
I like “ trudging through the tundra.” Great metaphor and alliteration!
That line probably comes from lyrics to a song I have since forgotten.
From the excerpt, this promises to be an entertaining short story, perhaps even a novel. I was expecting a news report.
Silly piece until the last sentence.
Brings to mind a recent episode of “Fargo” (Season 5) when the woman that ran a huge financial company said...
“What good is it being a billionaire if you can’t have someone killed?”.
It comes from "Nanook Rubs It" by Frank Zappa.
That if anything bad ever happens to your eyes
As a result of some sort of conflict with anyone named Nanook
The only way you can get it fixed up
Is to go trudgin' across the tundra, mile after mile
Trudgin' across the tundra
Right down to the parish of Saint Alfonzo
I guarantee the lawyers recruited the drummer as class rep to file the suit. This is the general rule in class action cases.
Hahaha, I agree...good job. It caught my eye as well when I read your post...
Trump’s fine is likely to exceed 1 billion.
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