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ELON ON HIS PAY PACKAGE: IT’S NOT ABOUT MONEY BUT ABOUT CONTROL OVER TESLA “Sufficient voting control such that I cannot be ousted by activist investors is what matters to me. And I've said this publicly many times, but let's not have this whole thing be a discussion of...

211,796 просмотров • 11 месяцев назад •via X (Twitter)

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Elon Musk Exposes the "Corporate Terrorists" Controlling Half of Wall Street's Voting Rights Elon Musk: “I do think we've got a fundamental issue with corporate governance in publicly traded companies, where you've got about half of the stock market controlled by passive index funds, and most of them outsource their decision to advisory firms, particularly Glass Lewis and ISS.” “I call them corporate ISIS. They’re just terrorists.” “Glass Lewis and ISS control the vote of half the stock market.” “They own no stock in any of these companies.” “Now, if you're a political activist, you know what a great place would be to go work? ISS and Glass Lewis. And they do.” “You know where political activists go? They go where the power is.” “I think that this is a fundamental breakdown of fiduciary responsibility here.” “You know, the Tesla thing is, it's called sort of compensation, but really it's not about compensation.” “It’s not like I'm gonna go out and buy, you know, a yacht with it or something.” “It's just that if I'm going to build up Optimus and have all these robots out there, I need to make sure we do not have a Terminator scenario, and I can maximize the safety of the robots.” “I feel like I need to have something like a 25% vote, which is enough of a vote to have a strong influence, but not so much of a vote that I can't be fired if I go insane.” “But my concern would be creating this army of robots and then being fired for political reasons because ISS and Glass Lewis fire me effectively, even though I've done everything right.” @jason: “If you don't get that vote, if it doesn't go your way, it looks like it's going to, would you leave?” “I mean, is that even in the cards? I heard the board was very concerned about that.” Elon: “Let's just say I'm not going to build a robot army if I can be easily kicked out by activist investors.”

The All-In Podcast

91,349 просмотров • 9 месяцев назад

“I'm not a huge hater of the institutions. I wasn't a huge hater of altcoins. These institutional products are just kind of altcoins. People can go make their money. Go do your thing. But it's not Bitcoin. An ETF is not Bitcoin. With these centralized projects, you're not getting the core values of Bitcoin, the control, the censorship resistance, the privacy. You're putting it in a centralized wrapper, and if you put Bitcoin in a centralized wrapper, you lose everything that's good about it. It's not Bitcoin. It's just an affinity marketing thing. It's “Hey, you like Bitcoin, go buy my other project." Just like, "Hey you like bitcoin? Go buy my altcoin." It's not the same thing, and I think in many ways it's a step backwards. I don't hate these people, but they certainly shouldn't be celebrated. It's not forwarding our industry if we do treasury strategies, if we do ETFs, we cheer for BlackRock and Cantor. That's a step backwards. It's not something to be cheerful for. It's not a victory, in my opinion. A victory is having more people have direct ownership of real Bitcoin. We now have millions of people who've been onboarded into this fake paper thing that's a claim on a claim on a claim of something that has Bitcoin in the words, but it's not actually Bitcoin. They are never actually holding a wallet like many of us did back in 2012 where somebody sent us that first dollar and you say, "Wow, this is cool. I didn't need to give my ID and I'm able to control and hold this sound money for the first time." You now have a whole generation of millions of people that don't have that. They have some junk fiat product sitting like sludge on their centralized brokerage account at the centralized clearing firm, traded on a centralized exchange, with a centralized transfer agent, and a centralized custodian, and they have to trust six levels of people on a claim for something that has the word ‘Bitcoin’ in it. It's not a victory. It's not a step forward. I don't think it's something that should be celebrated at all.”

Bruce Fenton

23,882 просмотров • 8 месяцев назад