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.”

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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.”

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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