Friedberg: Rejecting Musk's pay would have reduced Tesla stock price further
David Friedberg · Elon gets paid, Apple's AI pop, OpenAI revenue rip, Macro debate & Inside Trump Fundraiser · Jun 14, 2024 · at 34:32
David Friedberg criticizes institutional investors who voted against Elon Musk's Tesla compensation, arguing Musk's retention adds more value than the dilution costs.
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“And the reality is that by him getting the pay package, the certainty of him sticking around at the company caused the stock to go up by 10%. So they actually had the calculus wrong that if they had gotten their way, the stock would have declined by more than the 10% free roll they thought they were getting.”
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