Aren't these the same investors that recently decided that that $56 billion package was reasonable? Do they even listen to themselves?
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The fee is no more extraordinary than the pay Musk asked for. Considering stockholders have now confirmed the $56 billion payment to Musk, I suppose although involuntarily they simultaneously chose to acknowledge the high fee for the lawyers, as they used a completely normal percentage fee.
The only thing that made it exceptional, was the exceptional amount granted illegally to Musk. Which was made legal later by stockholders accepting it.
Had they done it correctly in the first place, there wouldn't have been a lawsuit against them, costing that percentage fee.
So how much are they paying the lawyers to dispute these fees?
Confirmed, money is just made up and the numbers are meaningless
Btw OP, it's gonna cost you $1 billion for me writing this comment on your post, I take card and bank transfer (no checks).
The fee equals around $7.2 billion at Tesla's Friday's stock price and amounts to a rate of roughly $370,000 for every hour worked by the 37 lawyers, associates and paralegals, some of whom normally bill as little as $275 an hour, according to court documents submitted Tornetta's lawyers.
I’m gonna send my boss a bill for over 1000 x my usual pay and just retire. I’m sure that’ll work with no objections. Wtf
He got $56 billion. Pretty sure he can afford the $7 billion. Is it a requirement to have your nose directly in Elon's ass before you invest in Tesla? I don't recall that being a thing when I had my shares.
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