Money Stuff: The Podcast Uncatchable Mouse Jigglers: TSLA, PARA, WFC WFH
Jun 14, 2024
Elon Musk's recent shareholder vote sparks a lively debate on his pay and Tesla's potential move to Texas. The hosts dive into the tangled negotiations between Paramount and Skydance, spotlighting the chaos in corporate leadership led by Sherry Redstone. They also shed light on Wells Fargo's outrageous 'mouse jiggler' saga, where employees face termination for faking productivity while working from home. A humorous yet critical look at modern workplace practices unfolds, blending serious corporate governance issues with absurdity.
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Shareholder Vote Outcome
- Tesla shareholders voted to approve Elon Musk's compensation package and the move to Texas.
- This suggests that they prioritize Musk's leadership and potential benefits over Delaware's legal protections.
Delaware Court Decision
- A Delaware court previously rejected Musk's 2018 pay package due to conflict of interest concerns.
- Tesla shareholders voted to reinstate the package, indicating confidence in Musk despite the conflict.
Tesla's Stock Premium
- Tesla faces the same challenges as other EV manufacturers, but its stock trades at a premium.
- This premium reflects the "Elon Musk halo effect," making Tesla an investment in Musk's brand.