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Comment by ryzvonusef | Hacker News Reader

I think it's simple. He's the pied piper who made the impossible happen for Tesla shareholders, pay the man or he brings out the flute again.

I was alive and online when the pay package was announced (21 March 2018), and I remember how much it was NOT certain any of this would come to fruition.

It's simple, he was shown ~2 Bn worth of shares and told he would get them only if he converted the shares to 56 Bn.

You (the big institutional shareholders AND the small shareholders) were greedy and knew what he would do, you paid for alchemy and he made gold from lead, don't cry now.

____

disclaimer: not an american, not a shareholder or user of his products (not even paypal lol, it doesn't work in my country)

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The problem is all the shadiness and sloppiness. Hopium of Optimus isn’t worth $50B. Maybe $2B. And even $50B may not be enough to compete with Sammy and chatgpt.

The share price rose as per the defined metrics, and with that shareholder wealth.

It's up to the market and their stupid analysts to judge how much they value all the various hopiums (autopilo/FSD, 4680, large castings, Optimus, etc etc)

Shareholders agreed to that, and he met those standards. If you didn't like the metrics, you should voted against it in 2018, and upon failure, sold the shares.

But if you kept the shares, and enjoyed the multiple share prices increases, then it meant you agreed.

Then after paying, by all means fire him. His current performance is lacking, after all.

But if the Shareholders and Board vote to keep him, and yet vote not to pay him, then it's absurd.

> Shareholders agreed to that, and he met those standards. If you didn't like the metrics, you should voted against it in 2018, and upon failure, sold the shares.

I'm in favour of lower executive compensation in all publicly traded companies I hold (which, due to ETFs, is nearly every publicly traded company), I can't very well stop holding stock of every company that doesn't decrease executive compensation.

Except in the real world when the "pied piper brings out his flute again" he goes to jail.

He doesn't have to do anything illegal.

He could just resign and move to xAI or whatever the fsck he raised that $6Bn for last week.

Or to SpaceX.

Or to Neuralink.

Or to Boring Company.

Or Twitter/X.

or to whatever stupid thing his ADHD brain is fixated on next.

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