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Comment by bko

12 hours ago

What's funny? Do you think the investors are against this? The investor's aren't idiots. I imagine the typical investor in Elon Musk's companies would approve of this sort of thing. So what's the problem? Besides, its a private company with Musk as majority shareholder in both. That's the beauty of private companies, you can just do things.

I wish more companies were private and ambitious. I'm tired of companies like Apple making marginal spec bumps to their phones and milking the same products for decades

9 comments

bko

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nhinck2  12 hours ago

> What's funny? Do you think the investors are against this? The investor's aren't idiots.

Any proof of that?

  • bko  12 hours ago

    More than 70% of voting shares supported the package, very close to the level of support in the original 2018 vote. This excludes Musks share.

    And consider that this is retroactive, meaning it's backpay. They're literally voting to give the guy $50b for work performed. He has a lot of confidence from his investors. And if there were issues, there would be lawsuits. Ironically the only lawsuits that get brought up, like the one about the pay package, are basically trolls, from a guy that had 9 shares.

    Besides the parent is the one making a claim that something not above board is going on so burden of proof is on him.

    Finally, it's a private company where Musk is the majority shareholder. He's moving money from one pocket into another, and any moves will be reflected in his attempt to raise money with the IPO coming this year.

    Why do people online pretend not to understand?

bakies  11 hours ago

Apple just launched their own silicon chips just a few years ago. They're very ambitious but still calculated.

JumpinJack_Cash  11 hours ago

> > I'm tired of companies like Apple making marginal spec bumps to their phones and milking the same products for decades

At least what Apple does is real not make believe like everything Musk claims , disappear boring Apple or even boring Microsoft, Oracle, IBM etc.

And the world would come to a screeching halt, disappear all of Musk companies and people would barely notice.

You seem to be eager to be sold dreams , that's exactly what vaporware salesmen like Musk hope to find on their path

stefan_  12 hours ago

The investors want to cash out, Musk needs lots of money to plow into his latest toy that so far only excels in ridiculing him and sexual harassment/CSAM, so they make a deal to take in xAI and go public. Win win.