[YeBanKo]

The plan targets not that ambitious? $60B to $650B to get the full package in how many years? If the committee was his mom and his brother %79 would have voted yes. One very small shareholder and a judge with bias overrule the majority of shareholder, trying to wrap it into a legal argument.

[aw1621107]

> The plan targets not that ambitious?

Some of them, at the very least. If you were projecting that you were going to meet some of the milestones before offering the compensation plan and tell your investors that you project that you have a >=70% chance of meeting some of the milestones a few months after offering the grant, then I think it's reasonable to claim that at least some of the milestones were not that ambitious.

Some of the shareholders made similar criticisms, even without knowing about the internal projections.

> One very small shareholder and a judge with bias overrule the majority of shareholder

The shareholder vote was not fully informed, so it counts for little in these types of matters. Shareholder size also doesn't matter - they're all equal under the eyes of the law. Might doesn't make right.

I'm also curious - why do you think the judge is biased?

[hackerlight]

It doesn't matter. You can't get your compensation package set by your friends in a public company and then say it was okay just because the company did well. Agents are supposed to represent the shareholders' interests.

[YeBanKo]

They did. Board approved, shareholders approved, the company hit the milestones.

[hackerlight]

> Board approved, shareholders approved

All covered in the judgement. Shareholders can't act in their best interests if they don't know that the advice they're getting is a product of conflict of interests instead of a genuine independent recommendation.

> the company hit the milestones.

Irrelevant since we don't know if the company would have hit those milestones regardless. The ruling covers this, in her judgement Elon had sufficient motivation with existing equity that the pay package was unnecessary from the interests of shareholders.

[ModernMech]

Musk lied to the shareholders to secure those votes. It doesn’t matter what they voted when fraud is involved. That’s why a judge gets to decide.

Enforcing the law is not “judicial activism”