Musk on M&A adjustment: 'no chance I will game the economics'

From:: Elon Musk
Date:: January 16, 2018 (on or shortly after January 16, 2018)
To:: Todd Maron and Deepak Ahuja

Excerpt. Only this much of the email has been made public.

I don't think we will be making big acquisitions[.] [...] [T]here is no chance I will game the economics here, so I'm fine with limits that prevent that.

About this email

In negotiating how acquisitions would be excluded from the pay plan's milestones, Musk proposes a stricter threshold and says he does not expect big acquisitions.

Notes

Known only through the passages quoted in Chancellor McCormick's post-trial opinion (factual background); the full email is not public. The opinion says Musk 'told Maron and Ahuja' this in countering Maron's January 16, 2018 proposal; it does not expressly say whether the message was an email, so treat the medium as probable rather than certain.

Where it came from

Court record; attribution confirmed.

Tesla, executive & internal. Tags: pay-package, compensation, acquisitions

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