Connect with us

Musk’s Pay Package: Tesla Shareholder’s Lawyer Weighs In

Elon Musk’s $55 billion Tesla pay package has been struck down by a judge in Delaware after shareholder Richard Tornetta challenged it as excessive. Bloomberg’s Max Chafkin and one of Tornetta’s lawyers, Greg Varallo from Bernstein Litowitz Berger & Grossmann, join Caroline Hyde and Ed Ludlow on “Bloomberg Technology.” ——– Like this video? Subscribe to…

Published

on

Elon Musk’s $55 billion Tesla pay package has been struck down by a judge in Delaware after shareholder Richard Tornetta challenged it as excessive. Bloomberg’s Max Chafkin and one of Tornetta’s lawyers, Greg Varallo from Bernstein Litowitz Berger & Grossmann, join Caroline Hyde and Ed Ludlow on “Bloomberg Technology.”
——–
Like this video? Subscribe to Bloomberg Technology on YouTube:

Watch the latest full episodes of “Bloomberg Technology” with Caroline Hyde and Ed Ludlow here:

Get the latest in tech from Silicon Valley and around the world here:

Connect with us on…
Twitter:
Facebook:
Instagram:

Continue Reading
Advertisement
27 Comments

27 Comments

  1. @Ye-tf9im

    January 31, 2024 at 7:21 pm

    It’s not a car company you goof, you and your client are both peppegas. Tesla is more than a car company with AI and software and battery technology.

  2. @66dometop

    January 31, 2024 at 7:23 pm

    As a Tesla shareholder, listening to this lawyer try to justify his position makes my blood boil. Shame on him!

  3. @ryanolson2430

    January 31, 2024 at 7:25 pm

    Doomburg

  4. @eugeniustheodidactus8890

    January 31, 2024 at 7:28 pm

    Millions of TSLA shareholders lost BILLIONS with this debacle.

  5. @alanccvoo

    January 31, 2024 at 7:30 pm

    Elon wll walk …

    • @thewolfdoctor761

      January 31, 2024 at 8:20 pm

      Which will probably be a good thing. He’s a loose cannon.

  6. @jakesiu7773

    January 31, 2024 at 7:34 pm

    It’s not about the money…????

  7. @rm1sha

    January 31, 2024 at 7:36 pm

    He said a bunch of nothing, except what was specially left out or lied about?

  8. @booobtooober

    January 31, 2024 at 7:36 pm

    This is a lot of horse hockey twisted to meet a predetermined decision.

  9. @barbaras2582

    January 31, 2024 at 7:37 pm

    It’s so good to listen to an experienced, ethical professional from time to time, in the middle of all the *$&#ing insanity of this moment in history. God, what a sick, twisted reality we live in now….

  10. @opinionmatters7119

    January 31, 2024 at 7:44 pm

    lol. The judge was out to lunch

  11. @markschneider8187

    January 31, 2024 at 7:55 pm

    F Varallo and his client and the judge. How can people who have done NOTHING to advance this business determine how much the leader gets compensated. The shareholders agreed to this package. Take it to the shareholders again and you will get the same or higher results. Musk & Tesla hit their targets MASTERFULLY. He earned this. There are few geniuses who evolve the species. Hack lawyers are everywhere on the planet. Useless turds like this lawyer cripple the species.

  12. @timbo8366

    January 31, 2024 at 7:56 pm

    He built the company. He should get whatever he wants.

  13. @soup-nazi6824

    January 31, 2024 at 8:02 pm

    Elon achieved the crazy growth & milestones that was in the agreement by sleeping in the factory & working 18hr days & now he’s not going to get rewarded…talk about bs & i think this is a setup because the liberals hate that he bought twitter & allowed free speech…

  14. @an-opinion

    January 31, 2024 at 8:04 pm

    He will move to Texas & we (as shareholders) will give him 25%…this old man can eat his candy sitting & doing nothing in life.

  15. @debraglorioso-mariano3636

    January 31, 2024 at 8:04 pm

    Just appalling what country do we live in? So because it is B-ILLIONS that is a bad thing?? Shareholders knew what they were voting stop the bullshit. Moreover, I’m confident they will vote again to approve ANY package that is set forth. WE ARE NOT DUMB AND KNOW EXAXTLY WHY THIS RULING WAS HANDED DOWN. YOUR RUINING THE COUNTRY!!!

  16. @edu2857

    January 31, 2024 at 8:05 pm

    How can you group Elon, one of the greatest value creators ever, with anyone?

    • @edu2857

      January 31, 2024 at 8:07 pm

      “This is a car company”….this guy is ridiculous! He does not determine that. Stay in your lane!

  17. @user-qh9lu5cl6n

    January 31, 2024 at 8:06 pm

    55 Billion is maybe outsized. But if he didn’t meet a laundry list of seemingly impossible goals to be met. He met them all early. Had he missed a single one, he would have got nothing. He sure as hell earned that package. Compared to the value he brought shareholders, 55B is chump change. Next package will be even bigger. After they move to another state.

    • @thewolfdoctor761

      January 31, 2024 at 8:14 pm

      The goals were NOT seemingly impossible.

  18. @chiragmehta8212

    January 31, 2024 at 8:09 pm

    These mofo lawyers better not make more than few thousand dollars.

  19. @chiragmehta8212

    January 31, 2024 at 8:17 pm

    Pertinent question is how much this pos lawyer and his firm will make?

  20. @stephenbone4764

    January 31, 2024 at 8:19 pm

    5 YEARS IN CORT ? WAS THE JUDGE IN JAMACA , SMOKING POT WITH jiusten ? IS 5 YEARS , JUSTICE DENIED ?

  21. @SueMaha21

    January 31, 2024 at 8:23 pm

    There is no Tesla without Elon Musk. He deserves 55 billion and more.

  22. @stephenbone4764

    January 31, 2024 at 8:23 pm

    IF YOU CANT UNDERSTAND THE ISSUE BEING VOTED ON , INVEST IN ANY OTHER STOCK !

  23. @stephenbone4764

    January 31, 2024 at 8:27 pm

    THIS LAWER IS CHALLENGED WITH THE SUBTLE DIFFERENCE BETWEEN [ M MILLION ] AND [ B BILLION ] ? IS IT POSSIBLE HE MIGHT LACK CREDABILITY ?

  24. @MC-ny7iw

    January 31, 2024 at 8:29 pm

    Musk is not a founder of Tesla… such garbage keeps being repeated out there. He founded starlink, yes, and early INVESTOR in Tesla. But NOT a founder, that’s sort of a pretty basic fact…

Leave a Reply

Your email address will not be published. Required fields are marked *

People & Blogs

Would your cat would give you a paw-sitive review?#TEDTalks

There’s a simple way to increase your cat’s happiness, says animal behaviorist Nicky Trevorrow. She explains the importance of play for our feline friends — and for basically any species (looking at you, dog lovers!) — and shares specific, actionable strategies to boost your cat’s mental and physical health.

Published

on

There’s a simple way to increase your cat’s happiness, says animal behaviorist Nicky Trevorrow. She explains the importance of play for our feline friends — and for basically any species (looking at you, dog lovers!) — and shares specific, actionable strategies to boost your cat’s mental and physical health.

Continue Reading

People & Blogs

Why Overtourism Could Ruin Your Next Vacation | Suresh Subudhi | TED

When was your last unforgettable trip? Travel industry expert Suresh Subudhi believes joyful moments of connection are the reason we explore the world — but with vacation hotspots overrun and locals pushed to the brink, tourists have become unwelcome guests. Proposing a new way to use technology to stop loving our favorite destinations to death,…

Published

on

When was your last unforgettable trip? Travel industry expert Suresh Subudhi believes joyful moments of connection are the reason we explore the world — but with vacation hotspots overrun and locals pushed to the brink, tourists have become unwelcome guests. Proposing a new way to use technology to stop loving our favorite destinations to death, he shows what travel could look like if we got it right. (Recorded at TED@BCG on October 23, 2025)

Join us in person at a TED conference:
Become a TED Member to support our mission:
Subscribe to a TED newsletter:

Follow TED!
Instagram:
LinkedIn:
TikTok:
Facebook:
X:

The TED Talks channel features the best talks and performances from the TED Conference, where the world’s leading thinkers and doers give the talk of their lives in 18 minutes (or less) — plus originals, podcasts and exclusive content. Look for videos on Technology, Entertainment and Design as well as science, business, global issues, the arts and more. Visit for our entire library, transcripts, translations and personalized recommendations.

Watch more:

TED videos may be used for non-commercial purposes under a Creative Commons License, Attribution–Non Commercial–No Derivatives (or the CC BY – NC – ND 4.0 International) and in accordance with the TED Talks Usage Policy: . For more information on using TED for commercial purposes (e.g. employee learning, in a film or online course), submit a request at

#TED #TEDTalks #Travel

Continue Reading

CNET

Meet the Flying, Swimming Robot Inspired by Aquatic Birds | What The Future

Researchers at MIT have created a new robot inspired by aquatic birds that uses waterproof wings to transition from flying to swimming. Watch more What The Future videos on CNET.com Video Credits: Host: Jesse Orrall Video Editor: Jon Gomez Thumbnail Designer: Cole Kan Footage: MIT Add CNET as a trusted news source Never miss a…

Published

on

Researchers at MIT have created a new robot inspired by aquatic birds that uses waterproof wings to transition from flying to swimming.

Watch more What The Future videos on CNET.com

Video Credits:
Host: Jesse Orrall
Video Editor: Jon Gomez
Thumbnail Designer: Cole Kan
Footage: MIT

Add CNET as a trusted news source
Never miss a deal again! See CNET’s browser extension 👉
Check out CNET’s Amazon Storefront:
Subscribe to CNET on YouTube:
Follow us on TikTok:
Follow us on Instagram:
Follow us on Bluesky:
Like us on Facebook:
CNET’s AI Atlas:
Follow us on X:
Visit CNET.com:

#robot #robotics #birds #aquaticbirds #science #innovation #research

Continue Reading

Trending