• PearOfDees@lemmy.world
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    2 months ago

    These CEOs always claim they can’t do good for workers, because they need to please the shareholders. So now that the CEO of Tesla is sinking the company, where are these supposed all powerful merciless shareholders at? If I was a shareholder of Tesla I’d demand felon’s head for doing all this damn to my investment.

    • MrPistachios@lemmy.today
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      2 months ago

      There’s got to be tons of lawsuits right? Like all the people that have been fired and tons of people being affected negatively by musk probably have class action lawsuits and stuff?

      • PearOfDees@lemmy.world
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        2 months ago

        I’m sure some will arise from this, and like most times they’ll settle instead of taking their target down. Yes it’s expensive and time consuming, as always it’ll be worth it if you take your time and do things the right way.

    • icecoldfire@endlesstalk.org
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      2 months ago

      Like most things, normal people have no real say in the matter. The large shareholders publicly saying things and selling off stock would lower their value and hurt them. Last year the CA teacher pension fund did say they met with Tesla to voice concerns. So it does happen.

      It’s been known for years the stock was way overvalued. But making money overruled any sort of sound advice. Not that they are losing money, more people will say things.

    • tischbier@feddit.org
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      2 months ago

      I keep screaming this to my friends and family.

      WHERE ARE THE DERIVATIVE LAWSUITS!?

      To be fair, there is a derivative law suit still working and it’s around the excessive bonus they granted musk and then retracted and then re-granted atter reincorporating TESLA in Texas. I’m pretty sure I have this right

      I have read that many who would be able to bring suit are in Musk’s pocket. Like his brother, for example.

      I really would love to see some derivative suits going though.