[science4sail]

Source WSJ article: https://www.wsj.com/tech/meta-incorporation-texas-delware-f0...

> Last year, Delaware’s legislature made it easier for big shareholders to use stockholder agreements to assume powers normally held by a company’s board. The Delaware Chancery Court also ruled in Meta’s favor in April, dismissing a case that argued the company had to consider societal impacts in addition to chasing profits.

I wonder if this is an attempt to disempower minority shareholders (i.e. anyone that isn't Zuck)?

[bagels]

Yes. He saw what happened to Musk.

[hinkley]

Musk got told he was too greedy about his salary. Which he was.

[tim333]

Musk basically offered shareholders a deal that if he 10x ed the stock he gets 10% of that. The shareholders oked it twice but a judge in Delaware said lets block that. It wasn't really about greed.

I kinda feel in business if two parties make a deal and are happy with it then it's not really the job of the courts to prevent them.

[sergiotapia]

what do you mean greedy? he made a deal and crushed the metrics necessary to hit that deal. without him there is no tesla.

[_zoltan_]

without Musk there is no Tesla.

[hinkley]

I know a PayPal employee who would get a vein on his forehead if you suggested Leon had anything to do with their success.

Whether it’s true or not another .1% of his net worth per year isn’t going to prove it.

[HWR_14]

> another .1% of his net worth per year isn’t going to prove it.

It was a 56 billion dollar pay package. That's substantial even for Elon.