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And because Elon isn’t going to be granted his bonus shares, even more of that will go to others shareholders instead of to Musk. And that’s the point. Let 10 be “no value to other shareholders, all value to Musk” and 0 be “all value to other shareholders, no value to Musk.” That Elon’s proposal amounted to 2.5 instead of 2.1 isn’t the point, it’s that the Board never even tried to negotiate for a number other than 2.5.



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