[pylua]

The board, run by the shareholders, wanted that deal and put it in place. They must have thought that the value add was worth it. Granted, it seems many do not think they acted correctly, hence the ruling and the lawsuits.

The point is that time will tell if this really saves money over the long run. I do not know the law and I am not questioning the board here.

[rhelz]

// The board, run by the shareholders //

If the board was representative of the shareholders wishes, the shareholders wouldn't have sued the board.

[mgiannopoulos]

About 78% or so of the shareholders voted in favour of the deal. And will probably vote again when asked. The lawsuit was done by a shareholder with a total of 9 (nine) shares.

[Eddy_Viscosity2]

If those 78% of shareholders believe that Elon having $56B MORE is a priority in their lives, then should just voluntarily give Elon their shares or send him cash.

[mgiannopoulos]

Companies and shareholders meetings work a bit differently than what you suggest. Other than that, the grand majority of Tesla shareholders are quite happy with the financial state of the company and would like for Musk to continue leading the company and be compensated for it.

[Eddy_Viscosity2]

I realize that. But there is nothing stopping them from sending him money, if they think he deserves it.

[pie_flavor]

They thought he deserved it, and voted to send him the money. Then this guy started stopping them.

[salawat]

Think of all the employees that 56B could hire to increase the quality of the end product.

[pylua]

One person with domain knowledge of running things could be well worth it. How many times have you seen adding more people just make it a bigger, more unsustainable mess?

Granted 56 billion is a lot.

[vkou]

The board is responsible to the shareholders, but did not act in their best interests.