uscbucsfan
Active Member
That's exactly it. Good summary. They said that Elon wrote his package and basically had friends/family on the board with no pushback and that detail wasn't released to shareholders.Oy! What a f'n crazy couple of years it's been. It's hard to imagine things getting any crazier out there.
From what I gathered the Judge said Elon controlled the TLSA board (duh!) and he got whatever he wanted without the shareholders knowing details. Where it goes from here is a good question. There were enough questions about the dubious TSLA board even before all of this so hopefully that's corrected. Both his 2018 and new compensation packages should be more down to earth and transparent. Some wonder if Elon will get a margin call on his stock options and put a monkeywrench on the TWTR purchase and further lower TSLA's stock price.
It can be fixed and I think it will be.