> The Commission is authorized by Congress to provide monetary awards to eligible individuals who come forward with high-quality original information that leads to a Commission enforcement action in which over $1,000,000 in sanctions is ordered. The range for awards is between 10% and 30% of the money collected.
The plaintiffs law firms "funded it" by working for free, on a contingency basis: if plaintiffs win, the law firms get paid for their work. They won. Now they seek payment for their work.
- Tesla finally settles with unions and starts treating their employees fairly.
- Tesla addresses the water pollution of their Gigafactories in Europe.
- Tesla signs that collective bargaining agreement in Sweden so they can finally sell cars there (and have their charging stations unblocked).
- Tesla adapts their marketing to stop claiming auto-pilot bs.
- Tesla adapts their quality control so Tesla cars are no longer delivered to customers in a semi-assembled state.
- Tesla starts investing in research for more sustainable disposal of batteries and alternative means of energy storage
I can see a lot of upsides to Musk leaving Tesla (on top of the $50B)
The point is that time will tell if this really saves money over the long run. I do not know the law and I am not questioning the board here.
If the board was representative of the shareholders wishes, the shareholders wouldn't have sued the board.
This is _exactly_ the argument for Musk's case. The lawyer was hired (and managed) to convince the court this argument is wrong.
In other news, cheap EVs are entering the market so maybe it's a good opportunity for Elon to escape Tesla before it becomes a legacy brand name that some chinese maker will buy in a few years (like chevrolet or sth).
Not happening, of course. Modern legal systems have incentives to build barriers.
(For what it’s worth, I’ve never needed a lawyer and I’ve dealt with immigration in two countries and some basic legal stuff. Wasn’t a rocket science - the worst of it were all the unwritten rules. But of course, that was quite simple and straightforward stuff - surely, there are legal issues that are much more complex.)
I personally have had only positive experiences, but I've heard the horror stories. Beyond just the expected divorce stuff. Of course what matters are the circumstances.
A pattern emerges
There is no way a bunch of lawyers deserves that kind of payout.
You don't get what you deserve, you get what you negotiate.
...unless you're Musk who negotiated a deal with the company he leads only to have a few shysters insisting the deal is off while claiming 10% of the negotiated deal for themselves.
The board of Tesla did agree with the terms and conditions, probably because they thought the conditions would not be met.
In Germany, the issue is with real estate - about 1% of the price go to notary fees, which is many thousands of euros for most purchases. No matter what, this is outrageous.
How much she got is the same number, whether you measure it in dollars, euros, or pounds: 0.00
Of course, the comment might have been obvious trolling.
