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Lawyers who sunk Elon Musk's big pay package are now asking for nearly $6 billion worth of Tesla stock. Musk doesn't seem happy. (www.businessinsider.com)

submitted 8 months ago by L4s@lemmy.world to c/technology@lemmy.world

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Lawyers who sunk Elon Musk's big pay package are now asking for nearly $6 billion worth of Tesla stock. Musk doesn't seem happy.::After sinking Elon Musk's $55 billion pay package, lawyers are now asking a Delaware court for about 11% of those Tesla shares for their fee.

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[–] jlh@lemmy.jlh.name 1 points 8 months ago

Banks will gladly take those shares as security against a $100M loan, which will easily pay itself off by the rising value of the shares.