The Fight Over Elon Musk’s $56 Billion Pay Package | Lawrence Fossi
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- Опубліковано 26 тра 2024
- In Episode 365 of Hidden Forces, Demetri Kofinas speaks with Lawrence Fossi; Lawrence worked as a commercial trial attorney until 2011 and as the portfolio manager for a family office until 2020. He has written extensively about the automotive company Tesla at Seeking Alpha under the pseudonym “Montana Skeptic” and now publishes at montanaskeptic.substack.com.
It’s been three years since we last devoted an episode to the electric car company Telsa and its superstar CEO, Elon Musk. Given the progress that’s been made in EVs in the years since, as well as the recent turmoil at Tesla, Demetri thought it would be a good time to check in on how things are going at America’s largest electric car manufacturer.
Demetri’s conversation with Lawrence revolves around a recent ruling in a 2018 shareholder lawsuit brought against Musk and members of the Tesla board over a pay package worth up to $56 billion. While the details of the lawsuit are especially relevant to Tesla shareholders-and you may be one of them if you’re invested in one of the many index funds that own Tesla shares-the spectacle of egregiously excessive executive compensation and the failure of captured boards to exercise fiduciary oversight is part of an alarming trend of corporate corruption that concerns everyone.
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Producer & Host: Demetri Kofinas
Editor & Engineer: Stylianos Nicolaou
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Episode Recorded on 05/21/2024
Surgical, razor sharp, devastating analysis.
This analysis is simply outstanding
TSLA price increased by 20x since the compensation plan, Elon wouldn't get anything if the price didn't go up. So he totally deserves to work for free for the past 5 years. Who wouldn't work for free creating hundreds of billions in value for shareholders?
The facts, for the most part, are not in dispute. The problem is this guy sounds miserable.
100%. Couldn't have said it better. And he is. All these tslaQ guys are mini me inverse versions of Musk. Much smaller fish but every bit as insufferable dimwits. Fossi has always been generally right about the details, but he has never once been right about the larger scheme of things. Bitter dweebs is what they are.
A very one-sided discussion, it would have been better to include counterarguments rather than all this straw manning.
There is already a mountain of pro Elon/Tesla information out there. This deep dive into the other side of the coin is valuable, even if me/you do not agree with it
There are no counter arguments to elons pathological lying
All made sense when it was disclosed Musk tried to get him fired…also sounds like a disgruntled short seller. Great interview as always from Demetri.
Found the sycophant
@@Colombiaguapo A typical cynic dismissing a compliment as sycophancy; sad.
Lawrence sounds a bit like Ronald Reagan. ✌✌
Great interview.
This was outstanding interview. Thank. You
The level of contempt this guy has for Elon is hilarious.
"Nooo! You're doing capitalism wrong Elon! That's not sound board governance! That's not fair!"
If you don't like the stock, just don't buy it.
Are you confusing scam with capitalism?
Capitalism are based on rules, scams are based on peoples gullibility
@@doncarlodivargas5497 Market demand sets a stock price. Who are you to judge what people are willing to pay for a stock?
Following your logic most of the stock market is an overvalued scam and is taking advantage of "gullible" buyers.
@@iansean7921 - you didn't listen to the podcast you?
People like you think you are the clever one, refusing to listen to others, it's the same story over and over again, that's why this is not the last time
What are you going on about Amigo? I did listen to the podcast (unfortunately), but that doesn't mean I'm going to whine about Elon because he's winning the game other people invented. Also, I don't own any Tesla stock. traders can make their own decisions.
@@iansean7921 - there is a lot of rules and regulations around handling other peoples money, "capitalism" does not mean the law of the jungle
thanks for the sober perspective
*Tesla China is NOT THE MAJORITY OF TESLA IT'S 30% this guy is a complete LIAR* 😂😂😂😂
Haters are gonna hate.
*This guy is full of crap FSD can now drive from your garge to the car park at a shopping centre parking itself, parralel parking, smart summon and banish happening.* 😂😂😂😂
Hopefully this compensation package will fail. Giving Musk stock options worth more than Tesla has ever made in profits would be economically insane. But I'm not very optimistic about that, as it seems to be a typical symptom of our "post-modern" economy - valuing the market cap far more than the fundamentals of a company. What worries me most is not the irrationality of retail investors in this regard - they've always been irrational. It's the irrationality of corporate investors that I don't understand, of which Tesla is just one example, others being "platform companies" such as Uber, Airbnb or WeWork. It seems that sustainable business models are no longer a primary concern for investors.
Instead of being discontent…
Start your own business…it’s coming out…it’s his ambition and his idea …crybaby
Elon did the impossible. He deserves his bonus.
What did Musk actually do? Other than spend tims at X?
I don't really know much about Tesla or EVs in general, but I'm sure I've seen very impressive looking videos on UA-cam from Tesla drivers, showing off the latest FSD. and i know James from Invest Answers says his Tesla with FSD drives him everywhere with basically no or little intervention from him. So what's the actual truth here? Do the cars with the latest FSD 12 (or whatever version it is now) drive themselves or not?
No ffs
There are literally ghost UA-cam channels where the owner was “unalived” by FSD. Also, a lot of those videos edit out the times they have to intervene. Teslas FSD is level 2 autonomy and will never reach a higher level due to the hardware. Mercedes and GM both have much more advanced self driving software. Teslas self driving software is vaporware
"Blatant lies. I don't understand the psychology of it." - Politics in 2024
"In terms of an entire Fairness Analysis, no one at Tesla ever asked this question (no one the board): Why does Elon Musk need more motivation when he already owns 21.9% of the company? There'sno good answer to this question."
The "good answer" to his speculative question seems obvious: because they didn't see it as "motivation" but "compensation for added effort" and they felt compensated enough for their own contribution/effort.
This guy is definitely an attorney... Creating scenarios and arguing them into his own reality and asking others to justify why he conjurs up such things.
"Imagine you're on the board"
"Here's what you might say"
(Leading the witness)
"We did this but didn't do that"
(Assuming the entire Board of a major Corporation is ignorant)
Let's ask ourselves why this attorney feels the need to put down the Board of a company over and over and blame entire scenarios on one individual. He has a personal ego issue with Elon. He's probably better at lying than accepting "not all companies operate the same... not all companies conform to political rules=lies"
It’s because this is the board of a giant company that is included in the sp500 meaning everyone’s retirement depends on it.
Despite that the company lies through their teeth and allows their CEO to manipulate their stock price with all sorts of of bullshit.
Ask yourself, wouldn’t you be fired pulling the kind of shit he does ?
@Cotonetefilmmaker this attorney is spewing one fabrication after another and the facts he states are scattered within. Neither you or I were in that boardroom... and neither was this attorney. It's propaganda, as far as I'm concerned. Fabricated to make you believe anything he says. I encourage you to listen again.
Great interview. Hope musk doesn't get a single cent.