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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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Bloomberg Technology

SK Hynix Starts Trading on Nasdaq, Opens 14% Above Offer Price | Bloomberg Tech 7/10/2026

Ed Ludlow sits down for an interview with SK Group Chairman Chey Tae-won from the Nasdaq to discuss SK Hynix’s US listing, the biggest-ever by a foreign company. Meanwhile, Bloomberg’s David Gura takes a look at SK Hynix shares as they start trading on the Nasdaq, and dives deeper into the listing’s impact on the…

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Ed Ludlow sits down for an interview with SK Group Chairman Chey Tae-won from the Nasdaq to discuss SK Hynix’s US listing, the biggest-ever by a foreign company. Meanwhile, Bloomberg’s David Gura takes a look at SK Hynix shares as they start trading on the Nasdaq, and dives deeper into the listing’s impact on the rest of the US chip sector.
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SK Chairman Chey Tae-won on SK Hynix Debut, AI Demand and US Plans

Chey Tae-won, chairman of SK Hynix parent SK Group, says they waited a long time to list SK Hynix in the US and calls it a “dream come true.” The head of the South Korean chipmaker talks about raising $26.5 billion in the largest-ever US listing by a foreign company and also discusses the outlook…

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Chey Tae-won, chairman of SK Hynix parent SK Group, says they waited a long time to list SK Hynix in the US and calls it a “dream come true.” The head of the South Korean chipmaker talks about raising $26.5 billion in the largest-ever US listing by a foreign company and also discusses the outlook for AI demand and his US investment plans.
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SK Chairman Says He Has ‘Much, Much Bigger’ Plans for US

Chey Tae-won, chairman of SK Hynix parent SK Group, discusses his plan to invest more money in the US. He speaks with Ed Ludlow on “Bloomberg Tech.” ——– 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…

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Chey Tae-won, chairman of SK Hynix parent SK Group, discusses his plan to invest more money in the US. He speaks with Ed Ludlow on “Bloomberg Tech.”
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