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Joined 11 months ago
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Cake day: August 2nd, 2023

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  • This is a wild story.

    Analysis from 2018 here:

    https://corpgov.law.harvard.edu/2018/05/22/elon-musks-compensation/

    So when they gave him this, Tesla was worth about 60 Billion. They said if you ~10x the company, well give you what amounts to roughly 10% of the company in stock. Regardless of what part he played, or what stock price says about company value, at it’s height in 2021 Tesla was worth 1 trillion, overshooting the most ridiculous targets by almost 70% (the worth at that point would have been 17x what it was in 2018).

    On the one hand, it’s just all so ridiculous that I don’t think anyone saw that actually happening, which is probably why they voted for it. On the other hand, I’m glad he lost it because the sooner Tesla != Musk the better and this feels like a decent wedge for driving that separation. I wonder if this means they have to adopt a revised compensation plan or something.



















  • When there’s a meeting and some higher up says “We need FOO to do BAR”, and the middle manager glances over at the tech lead to answer, they’re gonna say “I’ll see what $CURRENT_PROVIDER has to offer.” Then the middle manager will interject “Ah, and we’ll check $COMPETITOR[0] to see if we can save some cash”.

    Those ads are aimed at making sure IBM is in the zeroeth index of the middle managers COMPETITOR array.

    (Also making sure people who currently use IBM feel good about themselves)