Musk's $56B Payday Goes Poof: Judge Slaps Down Tesla CEO While Lawyers Get $345M Consolation Prize
Elon Musk Podcast5 Joulu 2024

Musk's $56B Payday Goes Poof: Judge Slaps Down Tesla CEO While Lawyers Get $345M Consolation Prize

The Tesla compensation case reached a decisive moment as Judge Kathaleen McCormick rejected Elon Musk's $56 billion package for the second time while awarding the victorious attorneys $345 million in fees. The case, originating from Richard Tornetta's 2018 lawsuit, challenged the compensation structure's approval process and board independence, culminating in a ruling that found fundamental flaws in Tesla's governance procedures. Key developments include the failed June 2024 shareholder revote, attorney work spanning 19,499.95 hours, and Tesla's planned Supreme Court appeal.

The ruling's impact extends beyond Tesla, establishing precedents for executive compensation and corporate governance. Judge McCormick's decision addresses both the compensation structure and attorney fees, with the legal team receiving a 25.3x multiplier on their hours despite requesting $5.6 billion. Musk responded through X, stating "shareholders should control company votes, not judges," while Tesla plans to challenge the ruling's implications for Delaware corporate law. The case highlights ongoing tensions between executive incentives, board independence, and shareholder interests, setting new standards for corporate governance and legal compensation in high-stakes litigation.

Jaksot(1166)

The iPhone Fold: $2,400, No Face ID, and a Bet on Zero Crease

The iPhone Fold: $2,400, No Face ID, and a Bet on Zero Crease

Apple has ordered 22 million display panels for its first foldable iPhone, targeting a fall 2026 launch at around $2,400. IDC forecasts Apple will capture 22% of the foldable market and 34% of market value in its first year. We cover the leaked specs, the crease-free display technology, the under-display camera breakthrough, and why Samsung is scrambling to launch new foldables before Apple arrives.Join our FREE Business Community - ⁠https://whop.com/apex-content/⁠

12 Joulu 9min

How Intel's CEO Got Richer While Rescuing the Company

How Intel's CEO Got Richer While Rescuing the Company

Intel CEO Lip-Bu Tan pitched the company's board on buying an AI startup where he serves as chairman and holds a financial stake. The board said no, citing a conflict of interest. Then a bidding war with Meta drove up the price. This is one of at least three deals where Intel has pursued companies that benefit Tan personally. We break down the Rivos situation, the SambaNova talks, and what Intel's policies actually do to manage these conflicts.Join our FREE Business Community - ⁠https://whop.com/apex-content/⁠

11 Joulu 10min

AI Risk Is Off the Charts

AI Risk Is Off the Charts

At Abu Dhabi Finance Week, executives managing trillions of dollars debated whether AI stocks are worth their sky-high prices. Jenny Johnson of Franklin Templeton compared the frenzy to the gold rush. Chris Hohn of TCI said risk factors are off the charts. Stephen Schwarzman said we may need to double the electricity grid. We break down what each of them said.Join our FREE Business Community - ⁠https://whop.com/apex-content/⁠

11 Joulu 8min

Google Gemini 3 Just Changed the AI Race

Google Gemini 3 Just Changed the AI Race

Sam Altman declared a "code red" at OpenAI after Google's Gemini 3 launched to widespread praise. Marc Benioff switched from ChatGPT after three years. We break down how OpenAI lost its lead, why its commercial expansion may have backfired, and what happens when a startup tries to out-ecosystem Google.Join our FREE Business Community - ⁠https://whop.com/apex-content/⁠

10 Joulu 13min

Slack’s CEO Heads to OpenAI

Slack’s CEO Heads to OpenAI

Slack CEO Denise Dresser will become OpenAI’s chief revenue officer next week, overseeing its enterprise unit and reporting to COO Brad Lightcap, while Slack appoints chief product officer Rob Seaman as interim CEO.Join our FREE Business Community - ⁠https://whop.com/apex-content/⁠

10 Joulu 13min

Is SpaceX Building a Phone Carrier?

Is SpaceX Building a Phone Carrier?

A trademark filing for “Starlink Mobile,” and I break down what that name implies, how a consumer phone service could work, and the practical signals to watch if SpaceX moves from brand to launch.Join our free business community - https://stan.store/wilwaldon

9 Joulu 15min

Elon wants to abolish the EU

Elon wants to abolish the EU

NEW COMMUNITY - https://stan.store/wilwaldonThe EU fined X 120 million euros under the Digital Services Act for deceptive design and transparency failures, and Elon Musk responded by saying the European Union should be abolished; here’s what the decision covers, why it targets product mechanics, and what X may do next.

9 Joulu 23min

"Blue Origin Sucks"

"Blue Origin Sucks"

The Starship system is a fully reusable, two‑stage‑to‑orbit super heavy‑lift launch vehicle under development by SpaceX. The system is composed of a booster stage named Super Heavy and a second stage, also called "Starship".

8 Joulu 8min