Comment on Norway’s mega wealth fund to reject Elon Musk’s $1 trillion Tesla pay package

SaveTheTuaHawk@lemmy.ca ⁨3⁩ ⁨weeks⁩ ago

• patrick@lemmy.bestiver.se ⁨3⁩ ⁨weeks⁩ ago

  The reason his last pay package of 50 billion was awarded to him is because he met the milestones for that. It was a similar deal to this one where they set top end milestones that everyone felt were ridiculous and they’d never hit them. Mostly stock targets IIRC.

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  • SaveTheTuaHawk@lemmy.ca ⁨3⁩ ⁨weeks⁩ ago

    Those were lowball milestones. He actually has to generate real money this time.

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    • patrick@lemmy.bestiver.se ⁨3⁩ ⁨weeks⁩ ago

      Quit rewriting history, those were absolutely not lowball milestones.

      If Mr. Musk were somehow to increase the value of Tesla to $650 billion — a figure many experts would contend is laughably impossible and would make Tesla one of the five largest companies in the United States, based on current valuations — his stock award could be worth as much as $55 billion

      That is a quote from this contemporary article: cnbc.com/…/teslas-pay-deal-to-keep-elon-musk-all-…

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    • FreedomAdvocate@lemmy.net.au ⁨3⁩ ⁨weeks⁩ ago

      They were absurd milestones at the time, which nobody thought he could hit in his wildest dreams.

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• FreedomAdvocate@lemmy.net.au ⁨3⁩ ⁨weeks⁩ ago

  Musk has never met a milestone once

  Apart from all the ones that he has, like his last mega paypacket at tesla, you mean?

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