[martinbaun]

I don't know the specifics of this, but the judge ruled in his favor and thus the severance package didn't include this. Elon musk literally have a whole team of lawyers just to deal with all the times he gets sued for various thing - like every one celebrity or rich person. If he paid everytime, he would have went bankrupt many times.

[falcor84]

> If he paid everytime, he would have went bankrupt many times.

If he just paid proper severance every time (rather than paying out after being sued), I think he'd still be absolutely ok.

[tardy_one]

Deciding it is not a matter of federal law is not a ruling in his favor for violating norms, verbal and written contracts.. If he can't afford the norms of compensation and leasing then that is a reason to never do business with him.

[lazide]

Market dynamics have been trending in the direction of leasing companies getting more desperate, not less.

[tardy_one]

>> but in the longer term I think it would hurt possibilities

Doesn't matter in this weeks market, but he can't even convince people he's capable of remaining a passive investor, so ten years from now no top spots, no top people because the way norms are enforced is by black balling people like him whenever it is tolerably inconvenient.

[lazide]

If you can afford to blackball billionaires without going insolvent, then more power to you.

[tardy_one]

If you think ypu are going to make it rich signing contracts only the other side can enforce then how would you remain solvent? There's a lot more other business in the world.

[lazide]

Hah, the reason Musk is able to do what he wants on this front is because for these leasing companies, their choice is either him or…. Vacant.

He’s just calling their bluff.

If they thought they could get another tenant, they already would have.

Commercial real estate in many areas of the US is so crazy delusional right now (and has been for years) it’s all about who blinks first and who has leverage.

[financltravsty]

Defeatist mindset, no?

[lazide]

Realist - otherwise no one would have been dealing with Donald Trump since the first time he went bankrupt in ‘91 eh?

I personally don’t get involved, but it is what it is. Everyone likes to pretend they have infinite options and don’t need assholes money, but when they’re staring at bankruptcy (or having to face reality and ‘mark to market’ at a more realistic valuation) somehow they sign leases anyway.