Saturday, March 2, 2024

"Lawyers who voided Elon Musk's pay as excessive want $6 billion fee" (TSLA)

As was said so perfectly in the movie "Cars":

I don't care who you are, that's funny right there. - Larry the Cable Guy

From Reuters, March 1:

The lawyers who voided Elon Musk's $56 billion compensation as excessive on Friday sought a record a $6 billion legal fee, payable in the electric car maker's stock.

"We recognize that the requested fee is unprecedented in terms of absolute size," the three law firms said in a filing with the Court of Chancery in Delaware.
The fee works out to an hourly rate of $288,888, they said.

Musk blasted the request as "criminal," posting on his X platform that "the lawyers who did nothing but damage Tesla want $6 billion."....