Neil
“I’m going to need you to hang on to your stock until the board finishes selling theirs. If you could do that, that would be great”
Mar 21, 2025 at 3:53pmWeb
Show threadLocal Dad, Ben HamillMar 21, 2025

@gneilyo @cstross A thing I don't understand: If they sell all their shares… Or, anyway, a substantial amount of them… Doesn't that mean their seat on the board is at risk? Like… The ownership of the company is diluted and some new party or parties have enough stake to put themselves on the board, right?

Like, that's fine by me, Tesla can get fucked, but I just feel like I don't know how these things work and I feel like it's good to know how the horrible system works. You know?

Show threadFancy SandwichesMar 21, 2025
@benhamill @gneilyo @cstross 100M worth of shares is only like 100-400k shares. The executives haven't even come close to diluting themselves that much.
Show threadCodexNotFoundMar 21, 2025

@benhamill besides what the others are saying, there are different type of shares. Some give you more say in the company than others.

@gneilyo @cstross

Show threadJasper 🍉Mar 21, 2025
@benhamill it might have something to do with this: https://mastodon.nl/@jasper/114194149753718071
(uh really i haven't read longer news articles about it, and don't feel like it)
@gneilyo @cstross
Jasper 🍉 (@[email protected])

Yeah, stealing shit from capitalists. How good Trump thinks of you is the new capital. Not very fun-gible. "Delaware’s Senate has approved a bill that would shield corporations from *shareholder* accountability in a state where two-thirds of all Fortune 500 companies are registered." In case you don't think corporate Democrats are shit: "The legislation is backed by Democratic Governor Matt Meyer and was written by the law firm that represents Tesla and Elon Musk." https://www.democracynow.org/2025/3/19/headlines/delaware_lawmakers_advance_billionaires_bill_shielding_corporate_executives_from_accountability

Mastodon.nl door Stichting Activityclub
Show threadJonathanMar 22, 2025
@benhamill @gneilyo @cstross No. Directorships are completely independent from shareholdings.
Show threadAli Per CapitaMar 22, 2025
@benhamill @gneilyo @cstross
As far as I know, the members of the board are chosen by the shareholders, but don't have to be (big) shareholders themselves.
Show threadMr. Softie Mar 21, 2025
@gneilyo bringing back old Enron memories
Show threadRob Agar🐀Mar 21, 2025
@gneilyo sell! sell! sell!
Show threadsoloMar 21, 2025

@gneilyo to be fair, $100 mil is pennies to them

but iirc, all of the tesla board members have always been selling their stock as they receive it, because they have no confidence that the company will continue to hold its valuation lol

Show threadThe TurtleMar 21, 2025

@gneilyo i had a friend lose his entire retirement and his job years ago in Enron. They tried this shit, too.

I foresee jail time and class-action lawsuits.

Show threadzefuMar 21, 2025
@the_turtle @gneilyo
one can only hope
Show threadMichael ☕️Mar 21, 2025
@the_turtle @gneilyo
Not if Elon guts the SEC first.
Show threadKevin RiggleMar 21, 2025
@mcpinson @the_turtle @gneilyo Then we will see murders
Show threadKevin RiggleMar 21, 2025
@mcpinson @the_turtle @gneilyo That's the thing rich people forget, the SEC and the courts aren't rough justice, they're the *alternative* to rough justice
Show threadKevin RiggleMar 21, 2025

@mcpinson @the_turtle @gneilyo

> Then we will see murders

Oh wait we already have

Show threadtessaraktMar 22, 2025
@kevinriggle @mcpinson @the_turtle @gneilyo If law ceases to exist, so does the concept of murder.
Show threadvillonMar 21, 2025
@gneilyo
Elon, heul leise!
Show threadmikeTesteLinuxMar 21, 2025
@gneilyo 😆
Show threadWendy M. GrossmanMar 21, 2025
@gneilyo I hear that as Gary Coleman in Office Space.
Show threadFCMar 21, 2025
@wendyg @gneilyo
Show threadQuantum ⊂ AIMar 21, 2025
@wendyg @gneilyo *this* Gary Coleman?
Show threadWendy M. GrossmanMar 21, 2025
@pikesley @gneilyo Of course I meant Gary Cole,,,
Show threadAlkibiadesMar 21, 2025
@gneilyo
This news makes my weekend G R E A T !
Show threadSeanMar 21, 2025

@gneilyo Hey I remember this episode of The Sopranos, it where Chris Moltisanti runs that stockbroker boiler room.

pump & dump
pump & dump
pump & dump

Show threadJustbeepMar 21, 2025
@gneilyo
I think that he is trying to say: 'Now that the clever rats left the sinking ship I expect that you minions jump down to the hold and close the leaks with your bodies. Help is on the way! Be a little patient! I am currently figuring out how to subvert China with AI drones. BRB ' 🤡
Show threadEmil Jacobs - CollectifissionMar 21, 2025
@gneilyo Wtf 😂
Show threadslashMar 21, 2025
@gneilyo A company I worked for went IPO. Here's how to tell when your CEO is a dirtbag:
"[our company] is a great value proposition. You should buy lots of stock, and get family and friends to buy lots of stock." Then go check Yoohoo! Finance and see: CEO owns 0 shares of stock. Yeah. Thanks for that advice....
Show threadHoward CohenMar 21, 2025
@gneilyo Office Space Reference, FTW!
Show threadRue MohrMar 21, 2025
@gneilyo ok, but wouldn't it be halarious if the workers owned 51% of tasla, fired Musk and brought back the company.
Show threadRealGravitas -Citizen SaboteurMar 22, 2025
@gneilyo 🤭
Show threadGnorzapsMar 22, 2025
@gneilyo pfff sell sell sell!