Money Stuff: The Podcast [Beeeep] $: Elon, Jane Street, Hunterbrook
Apr 19, 2024
Elon Musk's staggering $56 billion pay package takes center stage, unveiling legal complexities and corporate governance issues. The rise of 'enhanced sports' opens a debate on drug testing and its implications for traditional athletics. Meanwhile, a legal spat between Jane Street and Millennium sheds light on proprietary trading secrets and industry rivalries. Personal stories from gardening leave reveal the emotional toll of career transitions. Finally, Hunterbrook challenges ethical norms by blending hedge fund strategies with investigative journalism.
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Shareholder Gratitude and Fear
- Tesla shareholders might approve the pay package again due to gratitude for increased stock value.
- They also fear Musk leaving if it's voted down, despite recent stock price struggles.
Elon Musk's Pay Package Dispute
- A Delaware judge voided Elon Musk's $56 billion Tesla pay package.
- Tesla shareholders will vote again on the package and on moving Tesla's incorporation from Delaware to Texas.
Potential Re-Voiding and Legal Conflicts
- Even if re-approved, the pay package might be voided again due to unclear laws around disclosure of conflicts of interest.
- The shareholder's lawyers have a vested interest in upholding the initial voiding.