Billy Markus, famously known as Shibetoshi Nakamoto, took to Twitter to weigh in on the controversy surrounding Elon Musk's $56 billion compensation package from Tesla. As the co-creator of Dogecoin, Markus sided with Musk, advocating for the fulfillment of the compensation agreement, which was originally approved by Tesla shareholders in 2018.

The compensation package, contingent upon Musk's role in elevating Tesla's market capitalization to at least $650 billion within a decade, has stirred debate in recent months. With Tesla's market value already reaching $571.6 billion, the company seeks reaffirmation from its shareholders regarding Musk's entitlement to the substantial compensation.

However, Glass Lewis, a prominent proxy advisory services firm, recommended against endorsing the compensation plan, citing its exorbitant size. Notably, Norges Bank Investment Management (NBIM), the eighth-largest Tesla shareholder, expressed reservations about the payout, acknowledging Musk's contribution to Tesla's success but deeming the bonus disproportionate.

The issue escalated when a Delaware judge nullified the decision to award Musk $56 billion in the future. Now, as Tesla shareholders prepare for another vote on the matter, slated for this week, the debate intensifies. In 2018, Musk committed to foregoing salary and stock compensation in exchange for the potential $56 billion windfall should Tesla achieve significant market value growth.

Joining a chorus of voices, including prominent figures like Cathie Wood, Billy Markus voiced his support for Musk's compensation package. Markus emphasized the importance of honoring the agreement ratified by Tesla shareholders, stressing the potential repercussions of reneging on the deal. He warned that shareholders' credibility could suffer, inviting scrutiny from stakeholders if they fail to uphold their commitment to Musk.

In essence, Markus underscored the significance of honoring contractual obligations and respecting the decisions made by stakeholders. As Tesla shareholders prepare to cast their votes once again, the outcome of this contentious issue remains uncertain, with Musk's future compensation hanging in the balance.