this post was submitted on 17 May 2026
308 points (97.0% liked)
Technology
84796 readers
4291 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
And the shareholders supported it.
Its more that huge firms like vanguard and fidellity just default to what managment votes for; they dont meddle. The individuals holding the shares of the index funds likey did not support it.
Nope. Anyone with shares could vote, and 77% voted to pay him the $56B. Not even close. The biggest fear of TSLA owners is that Musk will leave, because the stock is orders of magnitude overvalued on his cult.
Yes, but votes are proportional to the number of shares owned, and most of the shares owned by non insiders are owned via index funds. So you meed to account for shares owned by the board members (including Elon himself), in addition to shares owned via proxy (shares in index funds, etfs, etc) where the proxy just votes with managment's guidance. Its not like voting for a politician. Its more akin to 77% of shares voted for it, which translates to a small number of people. The remining 23% are likely individual shareholders, hedge funds and family offices that disagree with the compensation.