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Pension Fund Sues Musk for Taking Massive Pay Package

Jun.18 — Tesla Inc. directors, including Elon Musk, awarded themselves massive compensation packages over a three-year period that improperly siphoned hundreds of millions of dollars out of the electric-car maker’s coffers, a pension fund invested in the company alleges. Dana Hull reports on “Bloomberg Technology.”

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Jun.18 — Tesla Inc. directors, including Elon Musk, awarded themselves massive compensation packages over a three-year period that improperly siphoned hundreds of millions of dollars out of the electric-car maker’s coffers, a pension fund invested in the company alleges. Dana Hull reports on “Bloomberg Technology.”

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12 Comments

12 Comments

  1. Zoltán Kárpát

    June 18, 2020 at 10:11 pm

    Lawsuit is stupped. The pension fund just 4x-ed their money in the past year … WTF is their problem? 🤔

    • Voltaire

      June 18, 2020 at 10:40 pm

      My guess is that they are VERY long oil&gas stocks and hold Tesla as a hedge.

  2. Trevor Ritchie

    June 18, 2020 at 10:13 pm

    Boring

  3. Cautious X0

    June 18, 2020 at 10:15 pm

    Lmao. What a useless lawsuit

  4. I_M_T_I_A_Z_ S_Y_E_D

    June 18, 2020 at 10:15 pm

    defund the pensions

  5. zbLoodlust087

    June 18, 2020 at 10:22 pm

    No there’s always drama with pension funds that are unsustainable as the average lifespan of human beings increase and they get put under pressure.

  6. Liberal Christo

    June 18, 2020 at 10:31 pm

    He didn’t inherit his money

  7. CaliforniaMISC

    June 18, 2020 at 10:33 pm

    wtf

  8. timkiwi

    June 18, 2020 at 11:02 pm

    it just shows how the financial sector hinders man kind. lets ask how much money these pension funds have invested in the ” Industrial Military Complex” and companies that pollute the environment.

  9. Hayden Macfarlane

    June 18, 2020 at 11:20 pm

    Lol this is hilarious. If Elon can create this much value for shareholders, he deserves it

  10. To Pi

    June 18, 2020 at 11:21 pm

    LOL…. Elon Musk who didn’t take a salary and tied his compensation to the success of the company….wrong company to even attempt this… try Boeing or Bank

  11. Chuck Silva

    June 19, 2020 at 12:18 am

    Tesla? Is the definition of fake?

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Musk’s New Efficiency Role, Bitcoin Passes $90K | Bloomberg Technology

Bloomberg’s Caroline Hyde and Ed Ludlow discuss Elon Musk’s new role under President Trump, co-heading a newly created task force called the Department of Government Efficiency. And Bitcoin rises ever higher, blowing past $90K. Plus, food delivery platform Swiggy makes a big splash in India’s trading debut. ——– “Bloomberg Technology” is our daily news program…

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Bloomberg’s Caroline Hyde and Ed Ludlow discuss Elon Musk’s new role under President Trump, co-heading a newly created task force called the Department of Government Efficiency. And Bitcoin rises ever higher, blowing past $90K. Plus, food delivery platform Swiggy makes a big splash in India’s trading debut.
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Bitcoin Surges Past $90K

Jalak Jobanputra, founder and managing partner of Future Perfect Ventures, discusses the unleashed pent-up demand for cryptocurrencies after Trump’s election win. She speaks with 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…

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Jalak Jobanputra, founder and managing partner of Future Perfect Ventures, discusses the unleashed pent-up demand for cryptocurrencies after Trump’s election win. She speaks with Caroline Hyde and Ed Ludlow on “Bloomberg Technology.”
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Breaking Down Language Barriers With AI

DeepL CEO Jarek Kutylowski discusses the use of large language models in translating the spoken language. He joins Caroline Hyde and Ed Ludlow to discuss 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:  …

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DeepL CEO Jarek Kutylowski discusses the use of large language models in translating the spoken language. He joins Caroline Hyde and Ed Ludlow to discuss on “Bloomberg Technology.”
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