ChewyTheWookie
57404
695
26
Guy who had just a bit of Tesla stock won lawsuit on behalf of shareholders for board giving Elon an absurdly large payment as CEO, especially in light of him being a large shareholder.
https://www.reuters.com/business/autos-transportation/elon-musk-bashed-by-heavy-metal-drummer-who-cost-him-56-bln-2024-02-01/
[deleted]
[deleted]
Polymathena
Well, IDGAF about EM, but CEO pay, worker pay, and shareholder power are are worthy issues to consider and review.
juiceman
What an abysmally-written headline
ChewyTheWookie
Agreed. When I saw the news wasn't on here yet I really looked for another source because of that misrepresentation.
hotaru251
Musk might be trying to take Trumps "biggest loser" title.
trippingthelightfantastic
Neferium
Does he have a used Ford Pinto by chance?
pfunk81
Hahahahaha
ps238principal
When will he finally explode?
snowtree
He's in a constant state of explosion.
steerAwwPrincess
Can we just skip to the part where we bring out the guillotines and chop the heads off these fuckers.
AppleJoosh
Hit the Pavement, Elon
Clockworkdancerobot
RalphH
Saucy sauce?
Clockworkdancerobot
Nimona. Awesome film.
EricPisch
Yeah it’s great
RalphH
ruint
The judge in this ruling is the same one who forced him to buy Twitter. She has cost him 99.8B!
vissago
TIL: you can hold 9 shares of a company and sue the board and owners as a shareholder
khora
And get $10,000 from being the front plaintiff in a class action suit, as this guy has done several times.
AllTheGoodOnesWereGone
One will do.
TDhattrick1022
At least if the company is incorporated in Delaware! Honestly not sure about other states.
jursamaj
Yes, any state. The board has a fiduciary responsibility to all shareholders, not matter how many shares they hold.
naught101
The article's title is disappointingly metaphorical
dakkafex
Video of his band
https://www.youtube.com/watch?v=-4XI33KQIi8
enotrevo
I think we're not far off from the building a robot army to exact revenge on humans phase of Elon Musk's character arc.
P00pdalla
I thought it was someone else:
FreePalestineAndTheWorldFromIsrael
What the hell is that
Greymalum
Dunked on again, we nearly love to see it.
industrylife
Tldr?
ZookyPooky
ImgurCouncilOfLlamas
Any other former Elon fans willing to admit they were wrong about him in the beginning? We had high hopes for him and look where he's gotten us.
killbillsexwife
I was wrong about him
ShaunDreclin
I used to think he was an asshole genius. Now I just think he's an asshole.
esypsilon
So sad
MipMop
Pfft, Muskrat gets no sympathy from me. He gamed the system in order to give himself a massive, undue payout but he got caught - sounds like just desserts to me. He'll probably still get a payout though, just not 56 BILLION. Likely would've gotten away with it if he wasn't so greedy.
esypsilon
I probably should've said "/s"
MipMop
Bruh.
ChewyTheWookie
seemed obvious but also seems more and more there's at least some confusion without being real explicit
Jace99
And Musk, the worthless POS, is against unions because it’s people wanting enough money to live on. The only system in America is the teet the rich suck at all their lives. Useless twat.
gizmomelb
AHEM. NOT JUST AMERICA. Rich leeches exist the world over. Saudi Arabia, Russia, U.K., China, Australia, etc.etc.etc.
MipMop
The worst fvcking part of it is the damned greed. Some of them have enough money to live like kings for the rest of their lives AND leave enough wealth behind to do the same for tens of generations of their family but god forbid they give up even a single percent of their profits so that their employees can live comfortably. Worse yet, they'll even fire employees to keep up the appearance of annual growth. Bastards, the lot of them.
VaultGirl69
My husband's father is an attorney. He didn't lay anyone off when Covid first hit. Everyone took reduced hours to keep things afloat. He offers them the same healthcare plan he has. And in life I would say he's been punished. But, that's America. We in no way reward doing what's decent.
MipMop
Shame, sounds like a good guy. But, yeah, our society is twisted - it seems like the more ruthless and sociopathic you are capable of being, the more successful you will be. Add a hint of intelligence and/or luck, and voila you've got it made. Just need to ignore the trail of ruined lives you leave in your wake.
Lysergian
It's because our society defines "successful" as being more wealthy than our peers, and you can't often get more money for yourself without extracting wealth from those in a lesser position of power.
Those with empathy and common decency are not typically capable of the moral compromising required to extract maximum value for themselves without substantial skill in self justification and compartmentalization.. or just being a fucking bastard.
MipMop
Well said! It's just scary to think these "successful" types control every aspect of our lives: salary, media/news, food/clothing/housing prices, access to politicians, etc..
controlsthepresent
This is funny as shit to me because everyone registers there corp in Delaware as a tax and regulation dodge. But there is this one small problem...
khora
Until now, if it holds on appeal.
jonhamsandwich11
controlsthepresent
The problem being that a guy with nine shares can file a lawsuit against you. It's in the article
jursamaj
Anybody with even a single share can file, no matter what state it's registered in.
controlsthepresent
Idk, it's just what the article pointed out.
jursamaj
Because so many corps are registered there, not because of anything special about Delaware law.
Snooj
Can we all please just start calling it X and dispense with the "formerly Twitter" nonsense? There are several pros to this. First, it is confusing, so people will have a harder time realizing what's being talked about. Second, we won't have to hear the word "Twitter". And third it's such a generic name it makes the website seem less important.
AreYouABadPerson
I think I'll just keep deadnaming that shitheap of a website thanks.
dontrike
Nope, it's being called Twitter until the end of time
UnremarkablyInteresting
I'm gonna call it twitter while the twit owns it.
AgnosticPaladin
Xitter. With the X pronounced as in Chinese, sh.
Digitalwolf
That, on top of this earlier...
polopolomarkopolopolo
zeacorzeppelin10
AnonMasterRace
enterusernamehere25
and somehow he made it back + more in just two years. he really is a parasite on society
Jonson71
Yeah, anything celebrating how much this prick has lost is ridiculous, because at the end of the day if he has a billion left he still has more than anyone ever should or could spend.
dontrike
When you lose more money than some countries even have then that's when you know billionaires shouldn't exist
Sasurau
fappingforfreedom
He really does not give a shit about the money tho
pocketpython
Money, getting more power and being adored by his weird fan base are the ONLY things Ol’Musky cares about
LadyRex
Drummer for Dawn of Correction. There, saved someone a click
doodlydoofus
I guess it doesn't matter which band it was but I was sincerely hoping it was a band I knew so I could be like "dude, did you hear the drummer from FUCKING SLAYER cost Elon Musk 56 BILLION dollars?!"
TheoryOfRelativeTea
That was not the part I was curious about but thanks.
lordpika
Same. Let’s save people a click: “Elon Musk suffered one of the biggest legal losses in U.S. history this week when the Tesla CEO was stripped of his $56 billion pay package in a case brought by an unlikely opponent, a former heavy metal drummer.”
ExecutiveProducerWolfDyck
haveanupvotegif
yougotredonyu
Was just about to do the same thing. On my way to get a “swift kick to the face by a steel toed work boot”.
Hexxxxxxxxx
Thank you
kinarism
Now defunct.
dabum
Much appreciated
TranquilPotato
Thanlarkis
Thanks. Used that click to give you an upvote.
mikeatike
What kind of clickbait bullshit was this article. Thank you.
TylerDurden85
Saved me one click and cost me 100 more DOWN THE RABBIT HOOOOOLLLLLEEEE
yougotredonyu
I think it might be Dawn of Corruption.
Vorphalack
Nope, Dawn of Correction: https://www.metalsucks.net/2024/02/02/billionaires-hate-him-how-one-thrash-metal-drummer-cost-elon-musk-56-billion
PathologicalLier
Im pretty sure he was making a joke about corruption there
flarflarf
thanks for the Correction
TylerDurden85
Thanks for the corruption
yougotredonyu
It slams
foreverinchains
From the article: Richard Tornetta sued Musk in 2018, when the Pennsylvania resident held just nine shares of Tesla. The case eventually made its way to trial in late 2022 and on Tuesday a judge sided with Tornetta, voiding the enormous pay deal for being unfair to him and all his fellow Tesla shareholders.
ps238principal
It must really grate on Musk's fragile ego that someone with 9 shares of stock sank the payday for Phony Stark who currently has around 715.022 million shares.
InvalidUsername8
He's more like a Poundland Justin Hammer than Stark from Wish
foreverinchains
MipMop
Lol, Phony Stark. That's a good one, stealing that!
Lelines
People thought he was Tony Stark when he was really Justin Hammer.
MipMop
Hmm, still unworthy of the comparison. Justin Hammer still comes out ahead:
VladThePoker
Ohh have you read about the Tesla strike in Sweden? You might enjoy that one too. Tesla has said 0 tolerance to unions, but Nordic countries have a tendency to have unions. Unions have quite a lot of power over there.
SyntheticReindeer
IF metall has more than enough money to continue the strike for the next 200+ years
VladThePoker
When I say quite a lot, I mean unions can cripple the government. But the Tesla dispute is very minor, just concerning everything to do with Tesla, they aren't even shipping register plates to new Teslas in Sweden.
Sasurau
Oh man, a friend lives in Sweden and has been sharing info. Shit's fucking baller as fuck, just epic as all hell. From this article I'll link, that was published four days ago: "Since the end of October, more than a dozen unions have launched strikes against Tesla, and the strikes continue." https://foreignpolicy.com/2024/01/29/sweden-tesla-unions-elonmusk/ Opening it in a reader mode helps bypass the blocker.
Freak0zoid
VladThePoker
Yeah, also the fact that the neighboring countries unions have joined the strike, is fantastic! Swedish union said join us, and they did!
vindik8or
$199/year for an online news subscription?
titoitoi
What! Imagine paying nearly two hundred bucks on keeping informed about future threats from psycho billionaires and other modern complexities. Should go on Netflix, lattes and gaming!
Comet260
That looks like art from a YT vaporwave album.