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by rhelz 845 days ago
// The board, run by the shareholders //

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

1 comments

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.
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.
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.
I realize that. But there is nothing stopping them from sending him money, if they think he deserves it.
They thought he deserved it, and voted to send him the money. Then this guy started stopping them.
It turned out this guy's claim was justified, given the court agreed. Again, if it was really important to these investors that Elon have more billions, they do not need any courts permission to just send him money.