this post was submitted on 03 Mar 2024
239 points (92.5% liked)

Technology

59377 readers
3170 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS
 

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.

you are viewing a single comment's thread
view the rest of the comments
[โ€“] T156@lemmy.world 30 points 8 months ago* (last edited 8 months ago) (1 children)

Fucking billions! ONE billion would be enough to never have to work again if you live lavishly!

You could put it in a box and never need to work again. Although it would have to be a very big box. That's still 10 million $100 bills.

In a bank, or other investment vehicle, with an interest rate of 0.46%, it earns $4.6M a year. With one of the really good rates in that article (4.88%), $48.8M.

Most people's wages don't go anywhere near that high, even in America.

There's arguments to be made in how it's assets, and therefore can't be converted to money, nor be accurately represented as money all at once, but that's still a mind-boggling amount.

[โ€“] 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.