Bloomberg Technology
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.”
Bloomberg Technology
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Bloomberg Technology
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Video platform Rumble is jumping on the AI bandwagon with its newest AI platform. Launching as Quake AI, the new sector combines cloud, compute, and AI infrastructure, and is slated to dominate the company’s business segment. Rumble CEO Chris Pavlovski joins Ed Ludlow on “Bloomberg Tech” with more on the pivot. ——– Like this video?…
Bloomberg Technology
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SpaceX’s historic public debut comes during a critical inflection point as a wave of multibillion-dollar AI companies prepare to go public. With the unprecedented IPO, investors are anticipating a wide-scale “distribution event” that will give private markets the fresh cash it desperately needs. Matt Witheiler, Head of Late-Stage Growth at Wellington Management, thinks the private…
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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.
Trevor Ritchie
June 18, 2020 at 10:13 pm
Boring
Cautious X0
June 18, 2020 at 10:15 pm
Lmao. What a useless lawsuit
I_M_T_I_A_Z_ S_Y_E_D
June 18, 2020 at 10:15 pm
defund the pensions
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.
Liberal Christo
June 18, 2020 at 10:31 pm
He didn’t inherit his money
CaliforniaMISC
June 18, 2020 at 10:33 pm
wtf
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.
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
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
Chuck Silva
June 19, 2020 at 12:18 am
Tesla? Is the definition of fake?