Technology

58164 readers

3263 users here now

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

Our Rules

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

Approved Bots

founded 1 year ago

MODERATORS

[email protected]

431

Tesla Shareholders Approve Musk's $56 Billion Pay Package in Early Voting (www.ibtimes.co.uk)

submitted 3 months ago by [email protected] to c/[email protected]

169 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 39 points 3 months ago* (last edited 3 months ago) (1 children)

I'll wait for the financial analysts that I both trust, and I know hate Musk, before I have any confidence in answering that question.

But... my best uninformed guess is that it's less fanboy worship, and more fear that Musk is the only thing propping up the insane stock valuation.

I'm assuming that Musk has a complex web of possibly illegal and highly engineered financial instruments that keep that stock pumping, or at least, not crashing - yet.

Maybe those who voted to approve might be aware, or involved, in that house of cards and believe removing Musk would be akin to blowing on it.

But I'm just pulling all of this out of my ass, so who knows...

It might be as simple as the majority of Tesla shareholders who voted to approve, including the institutional ones, are really just submental morons.

[–] [email protected] 7 points 3 months ago

This is probably the right answer.