Elon Musk ridiculed lawyers
Elon Musk took to X, formerly known as Twitter, to criticize the legal team that had previously sued Tesla’s board for alleged overpayment. Musk’s comment was a reaction to the news that these lawyers now demand a staggering $10,000 per hour pay.
What Happened: Musk reposted Whole Mars Catalog’s post commenting on the situation and added his own wry remark, “Fate loves irony, but hates hypocrisy.”
Lawyers who sued Tesla board for excess pay demand excess pay pic.twitter.com/ySLgjnDxOW
— Whole Mars Catalog (@WholeMarsBlog) September 21, 2023
Why It Matters: This comes in the wake of the lawsuit in which Tesla’s directors, including Musk, agreed to return more than $735 million in stock awards to the company. The board was accused of improperly awarding themselves hefty compensation packages. This settlement was seen as a significant advancement towards addressing investor concerns over corporate governance practices at Tesla.