arandomguy
Veteran
Why on hell would you give 56B to someone who runs a money losing business ?
The compensation package is from Tesla not Twitter.
From Tesla's shareholder's perspective the company's valuation has increased by x20 and more than $1T since 2018 when the package was initially proposed.
From what I understand shareholders overwhelming voted to approve it, and retail shareholders as well at a higher proportion than insitutional so it wasn't a case of insitutions overriding smaller retail shareholders. From what I understand shareholders also they rejected other proposals by the board, so it's hard to really say they were forced by or coerced by the board to vote in favor.
Also the $56b number is a bit misleading because from what I understand it was a fixed stock option offering of 304m shares proposed in 2018 when Tesla's stock price was much lower.
For the record I am not a direct Tesla shareholder (although I have broad ETFs/Funds that hold Tesla).