0:00 like looking at a tutorial trying to fade I think that's what happened to me at a glory hole so a legal team that forced Tesla's board of directors to agree uh last July to return more than $700 million in compensation for allegedly overpaying themselves are now seeking to be paid over $10,000 an hour for their work what so you get this they're like hey Tesla board you guys are overpaying yourselves we're suing you who's who's who's suing them the This legal team okay we're going to sue you guys because you guys overpaid yourselves and we're going to overpay ourselves for the work the legal team $1,690 an hours a lot of a lot of these
0:51 guys thew there's like leachy lawyer teams out there that just say we're doing this for justice but it's really for them to make a hell of a money almost all class LA laws don't benefit anybody but the lawyers The Firm makes the most yeah cuz then the people that are in the class action they end getting like $2 dude 30 cents and ████ you ever get one of those checks it's pretty great I don't I never even know why I'm part of like some class action lawsuit either it's like me neither used to work here here here I guess and then they're like oh yeah they they got sued here's 95 cents damn how do you stop lawyers do you just ask the mafia to stop them like I don't know were you what say you br I don't know lawyers you hate them but you also love them because when they do the right thing they protect you so you need your own team of lawyers to battle their so it's like you have your own Army of
1:42 lawyers yeah you need like like a mafia or like The Godfather you need your own in-house consiliary like you do person who's just a lawyer cuz those guys are helpful and they understand everything about the law and how the game works but they're your family that's what you need that's I need a Rudy GE that's why Asian families are always like we need a doctor we need a lawyer we cuz they want one in the family I see you know what I'm saying why do they need an engineer to build a bridge for the family not for long dude going to take over and when you got a one in the family they can talk to you about the real real yeah you know they don't they don't but they're not billing you the hourly on that you know honestly this is yeah versus like if you're just a client they still have to maintain this professional relationship but you can feel like you're trying to tell me something extra but you can't legally say it I want my family I wouldn't go to
2:34 my family uh member as a doctor cuz I don't want them to look at my balls that's true or my BL hole Yeah that's the hard one it has to be I thought you meant you're the doctor huh I thought you meant you're the doctor oh I don't want to see all of their balls either that's worse so if approved this would be the largest ever Uncle cough this would be the largest ever to result from a shareholder lawsuit filed against the board 10,000 bucks an hour how do you justify that $229 million in fees oh $229 million they win when they got 700 million that that's crazy so the board of directors is returning more than $700 million in compensation and the legal team wants $229 million of that in fees the irony is ████ beautiful isn't it beautiful who's suing like I don't get legal team the legal team they built a case they built a case that that the board of directors is overpaying themselves and
3:25 then they want to overpay themselves and then the money's going back to Tesla so the the 700 mli is being compensated back to Tesla and the legal team wants $229 million I see doesn't does mean that the board of directors got to hire their own legal team to another legal team to protect themselves from their own legal team kind of cuz the bo cuz the board of directors is the beneficiary right yeah so they're so are they working on behalf of the stockholders yeah the board the board the board is the defendants right because this is this is my predicament every time working with a lawyer like okay you get this contract from this third party right you know okay cool I need someone to look look this over for me so I give this contract hey M Mr lawyer buddy can you help me out of course here is my working agreement with you and I'm like well who do I get to double check this document you know what
4:17 I mean like and then I got to give this to another lawyer to protect me from this lawyer so this lawyer can protect me from this person the share the shareholders B the rest of the company yeah right and the rest of the company now will be paid out based on what the board of directors compensated themselves with so that $700 million should be sprinkled down to the shareholders and the company right but instead $200 million that's going to this legal team who are over who are over billing so it's arguably worse that they're even doing this at all I mean you know I don't know that it's worse for the shareholders no because 500 million is still going somewhere in a sense but but now that the old board of directors they need to hire a legal team not to protect themselves but just to sue the legal team that that suit ████ crazy what the ████ now they need a counter suit insane some a lot of different games
5:07 being played at the highest levels that's why sometimes it's just much more easier to be broke but think about this if another legal team was willing to come in and charge only $5,000 per hour yeah Chinese discount huh you thinking really good like a you know what I'm saying that's the hardest thing when I guess from like from our experience when Rick Ross was suing LMFO I guess like it was to be assumed that both lawyers on uh each side knew that they were just going to string this on as long as possible dude they always have dinner with that's why when you got the family member then you're like this guy's actually but that's that's the part that's harder like let's say you're using your lawyer that you always had like this is your lawyer right can you imagine the risk of getting a new guy at that point yeah it's like for sure you're going to get ████ but you don't go hey man why you ████ spending so
5:58 much time cuz every lawyer that you run into is going to say I'll do a better job I won't do that it's like but you hardly know that guy it's like super you're screwed and check this out the Tesla directors have not objected to the fee request and they're expected to approve it um and this is kind of uh there's almost there's common precedent for this in uh 2012 Delaware Supreme Court affirmed a $34 million fee from a Southern Copper shareholder lawsuit involving $2 billion of Damages so the fee worked out to be $35,000 an hour yeah I want to make that much an hour yeah dude what the ████ that's a ████ charger every hour yeah that's pretty sweet that's a Dodge Charger every hour dude I like this thing you any Dodge Chargers I got yeah the the the state a ████ used Sienna every hour the
6:50 state's High Court said the judges should examine the outcome achieved and not the hourly rate so that's crazy that's the idea that's like okay well we were able to save you $2 billion so it's okay if you give us 300 million it's all like that's how it works yeah you know what I mean percentages but that's different if you go up front with it that's different if you say my Laurer fee is 10% of whatever then that's like a normal agreement I see but if you if you're like okay cool we'll get you this and then after everything's kind of sell you're like all right now I'm going to charge how much should we charge per hour and then you're doing it as like an hourly billable that just seems so much more unethical cuz I bet you that same lawyer is helping out this lady with a car accident for $100 law and ethics man it's hard to ████ mix those together cuz it's different from like it's almost like getting paid Sal a salary versus hourly
7:40 right if you're like my my payment is 10% then it doesn't matter how many ████ hours we had to work or how many team members we had to put on this thing it's just that's yeah that's the rate you know what I'm saying it seems so like you know like the government how like you almost are an idiot for not getting the money that you know will come your way where it's like yeah this is going to suck to do it this way but like everyone's doing it why not just get paid well that's what's crazy about this particular lawsuit cuz like Anthony said it's like 10% right that sounds more reasonable this this settlement would be 25% right wow oh yeah that's true that's a lot a lot it's a huge little chunky chunk are you allowed to machine gun people down that you feel are trying to cheat you I think I think like a whole F in Delaware them down I think you can but then you just have to do the next lawsuit yeah you're probably going to get civil lawsuit yeah or just jail time
8:33 maybe this will stop uh them from overpaying in the future well the question would be would you rather save 300 million and maybe do a little jail time no jail time I don't want to do any jail time no jail time well that's why you just hire somebody to do it you promise him $50 million and he's just the Fallout guy you know what I mean but then that guy's like FBI get on the on the ground like ████ oh or or he tattles this why it doesn't work guys do you remember that Chinese jail I mean the Chinese court case where it was like a ████ 100 assassins cuz they were asking one assassin was hiring another assassin so the job started like a million and it kept going down to like a thousand are you serious yeah so there was like a like a like a RICO case basically because every single assassin it started like with a couple thousand bucks and then he ratted out the other assassin that hired him so it was just a
9:25 100 people all the way up to the person who hired originally so dishonorable yeah just too lazy to just do it themselves maybe they were all like I'm not an assassin but I'll take 50 Grand and then they go hey are you an assassin they're like yeah they're like I'll give you 30 grand and then they're like all right and then they go you know they all they all read 4H hour work week that month or something oh we should Outsource this that's what happens when you when you drop your car off at a lot of places too they'll pay another chop to do it cheaper what the ████ lot of times yeah what that's why the dealership ████ you so hard huh not shot but they'll pay like a like you know they'll get someone who doesn't have their papers how do you know all the rackets cuz I've done that dude let me know more rackets you got no man that's one time I went to get a haircut I closed my eyes and another barber came in and I looked what the
10:15 ████ who are you wait are you serious no I'm just kid it's so weird that was weird oh do you think that's what happen keep your eyes shut don't open your ████ eyes it's like looking at a tutorial trying to fade I think that's what happened to me at a glory hole really get outsourced here no I went and I met this lady and I was like oh you're so hot and she goes okay come into this place put your penis in the hole and then when I I'll meet you on the other side yeah when I got inside I put my penis H and I came and I was like M and then I left thinking damn she was so hot but maybe it was a guy yeah bunch of hair on her Knuck maybe it was a guy on the other but I have to meet you on the other side was there any whiskies yeah oh any sort of little bit of stubble a little bit yeah I heard a grunt too but I thought that was another guy in another room so I don't know it's very similar to this apple
11:05 case [Music] man
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