Submitted 1 week ago by MicroWave@lemmy.world to economics@lemmy.world
https://www.cbsnews.com/news/elon-musk-tesla-new-compensation-pay-package-1-trillion/
Tesla’s board of directors is asking shareholders to approve a new pay package for CEO Elon Musk that could be worth up to $1 trillion in a decade, representing one of the richest compensation packages in corporate history.
According to a regulatory filing published Friday, the electric car maker’s board wants to award Musk about 423 million shares, which today have a value of $143 billion, if the company hits certain profitability, production and market capitalization milestones.
Totally cool and normal, definitely not a scam.
This validates boycotting Tesla long after Musk finally gone.
You want to grotesquely overpay the Nazi, I never want to be associated with your brand in any way.
EVER.
How? Tesla can’t afford that.
Tesla sales are nosediving because people hate Elon Musk.
Tesla: Would it help if we gave Elon Musk more money?
the electric car maker's board wants to award Musk about 423 million shares
Where all of the Intel whiners at about this dilution?
hmm
DaddleDew@lemmy.world 1 week ago
There used to be a time when paying your CEO too much was considered uncouth.
He’s essentially pocketing all that government subvention money Tesla has been receiving.
sunzu2@thebrainbin.org 1 week ago
TBH he actually did get all that taxpayer money... all the other "CEO"s are big mad he was able to do it.
The man just wants his cut. He will get it too and normies will explain why how he earned it with "innovation"