this post was submitted on 31 Jan 2024
187 points (92.7% liked)

Technology

59446 readers
3638 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
L3s@lemmy.world
L3s@fry.gs
L4s@fry.gs
L4s@lemmy.world
enu@lemmy.world
187
Tesla shares slide after judge voids Elon Musk's $56 billion compensation (www.cnbc.com)
submitted 9 months ago by L4s@lemmy.world to c/technology@lemmy.world
13 comments fedilink hide all child comments
 

Tesla shares slide after judge voids Elon Musk's $56 billion compensation::The compensation package the Tesla board gave CEO Elon Musk set a record for publicly traded corporations, a Delaware judge noted in her ruling.

you are viewing a single comment's thread
view the rest of the comments
[–] Corkyskog@sh.itjust.works 3 points 9 months ago

They aren't real shares, so there is nothing to "turn back" these are stock options.

Think about it like when a Nation State prints money. Do they have to directly steal money to print more money? No, they just turn on the printers and dilute the purchasing power of all the existing money. This is basically the same with Tesla except money = TSLA shares. For every share they print for Elon, it makes all the rest of the shares worth less.