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re: Cathy Wood Rips the Delaware Court Finding Voiding Musk's $56B TSLA Compensation
Posted on 2/5/24 at 8:31 am to LSUnation78
Posted on 2/5/24 at 8:31 am to LSUnation78
quote:
Its a publicly traded company, its not a private company.
You too are missing a vital distinction. Tesla may be publicly traded, it is not a nationalized company.
While Tesla may be traded through a public exchange, the shares are held by the private sector (individuals and corporations--and don't try to weasel in an exception for government sector retirement plans).
The federal judge may be able to squash the compensation package for the CEO of Amtrac or the USPS (quasi-public entities), a corporation (like Tesla) doesn't become a subsidiary of the US Government just because the stock is traded on the NYSE or NASDAQ.
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