I’ve read plausible explanations that when your company is a meme stock, you need the thing that makes it a meme to stay around lest the price fall to reasonable levels dictated by market demand.
In other words they gotta give him the money or else the fanbois will stop pumping up the price.
switched its vote “given the strong alignment of executive pay with shareholder returns since 2018 and the benefits the board asserted related to the motivational value for the CEO in preserving the original deal.” Vanguard also voted to allow Musk to relocate the company from Delaware (which is the site of a big lawsuit about Musk’s pay) to Texas.
I’ve read plausible explanations that when your company is a meme stock, you need the thing that makes it a meme to stay around lest the price fall to reasonable levels dictated by market demand.
In other words they gotta give him the money or else the fanbois will stop pumping up the price.
Pretty much: