*Elon Musk seeks to award Elon Musk $56 billion
Conveniently covering the amount of principal + interest on his purchase of his latest nazi propaganda outlet.
Tesla seeks to award Elon Musk $56bn pay package | BBC
Submitted 6 months ago by filister@lemmy.world to technology@lemmy.world
https://www.bbc.com/news/articles/cqqndqndpq5o
Comments
empireOfLove2@lemmy.dbzer0.com 6 months ago
Jaysyn@kbin.social 6 months ago
I guess we are going to find out exactly how stupid the remaining Teslas stockholders are.
KingThrillgore@lemmy.ml 6 months ago
Well I own it through my SP500 index fund. I’m trying to determine how to best contact the fund managers. I have a well thought out and reasoned rationale why Elon shouldn’t remain CEO and I will be heard:
- Repeatedly failed to deliver products on time
- Product offerings are insufficient in terms of engineering for cost
- Design process leaves gaps in engineering causing greater issues
- Product offerings are uninspired and boring
- Valuations are driven by CEO repeatedly trying to scam investors for developments that are over budget and over schedule
- Numerous, numerous Conflicts of Interests by CEO
- Concerns about the CEO’s physical and mental health
- Concerns about the CEO’s national security obligations
DogPeePoo@lemm.ee 6 months ago
Over half their revenue
😂 Tesla 📉
affiliate@lemmy.world 6 months ago
Board chair Robyn Denholm wrote in a letter included in the regulatory filing: “Elon has not been paid for any of his work for Tesla for the past six years… That strikes us, and the many stockholders from whom we already have heard, as fundamentally unfair.”
Musk’s compensation for 2023 was $0, the filing showed, as the billionaire does not take a salary from the company and is compensated through stock options.
it’s so unfair that elon hasnt gotten a single pay check and has instead had to settle for making billions off of his stock options. think of all the mega yachts and social media companies he could’ve bought if only he had been paid a salary.
RememberTheApollo_@lemmy.world 6 months ago
What bullshit it is to throw stock at someone that ends up being worth billions and turn around and say they never got paid.
He received compensation via stocks in lieu of cash. It’s business pay and compensation 101…this is how you get can get paid.
She’s saying “he got paid, just not cash pay, so we didn’t really pay him, and now we want to pay him again differently.”
affiliate@lemmy.world 6 months ago
completely agree. and it’s even more insidious when you take into account how he’s spent the past 6 years bragging about how he has a salary of $0 because he’s “only working for the betterment of humanity” or some nonsense like that.
metaStatic@kbin.social 6 months ago
Make sure to tip your CEO
mannycalavera@feddit.uk 6 months ago
You have to hand it to him. He’s managed to figure out how to milk US government subsidies whilst being a royal cunt.
Son_of_dad@lemmy.world 6 months ago
Figured it out? All you need is money. You hire a lobbyist and that’s it, it’s not a genius move, the system is just designed for people like him
kokesh@lemmy.world 6 months ago
They already started saving for his payout by firing 10% of the workforce. Well done!
bstix@feddit.dk 6 months ago
It’s based on an increased company value. I suppose he will gladly pay it back when the company loses value too. Right?
Kecessa@sh.itjust.works 6 months ago
Zipitydew@sh.itjust.works 6 months ago
That’s the joke
NaoPb@eviltoast.org 6 months ago
This sounds like that meme.
puchaczyk@lemmy.blahaj.zone 6 months ago
He deserves that. After all he works 4 000 000 hours a day… Right?
jettrscga@lemmy.world 6 months ago
He’d have to work 3.7 million years of 40 hour work weeks at US minimum wage, $7.25.
Pretty well highlights the insanity of $56 billion.
foggy@lemmy.world 6 months ago
It would if people had any tangible idea of how long 3.7 million years is.
hahattpro@lemmy.world 6 months ago
yo, make sure pay everyone their salary before pay your ceo
tofubl@discuss.tchncs.de 6 months ago
It’s only fair.
Poiar@sh.itjust.works 6 months ago
It’s only fair.
Serinus@lemmy.world 6 months ago
Come on guys, just give up your legal rights and money. Elon needs control.
RGB3x3@lemmy.world 6 months ago
Fuck me, that site is like a parody of itself.
Thanks to Elon Musk’s vision and leadership, Tesla has created tremendous value for you, the owners of the Company, all while advancing its mission to accelerate the transition to sustainable energy.
It’s 1984 levels of brainwashing.
filister@lemmy.world 6 months ago
I am speechless, are his employees and shareholders buying this ****?
hahattpro@lemmy.world 6 months ago
No, most shareholder don’t have voice in big corp. Only a handful of shareholder who invest ton of cash can speak
metaStatic@kbin.social 6 months ago
I've voted in quite a few board elections as a retail investor.
Employees on the other hand ...
DogPeePoo@lemm.ee 6 months ago
People like Ron Baron
Serinus@lemmy.world 6 months ago
Most of TSLA is held by retail. Institutional investors are around 13%, Elon is around the same. (From memory)
Elon said he and his brother will abstain from the vote. They’re also going to spend millions to influence the vote.
It’d be pretty stupid for the shareholders to approve either. They also want to move the incorporation from Delaware to Texas, because apparently Delaware isn’t corporation friendly enough.
EisFrei@lemmy.world 6 months ago
www.macrotrends.net/stocks/…/number-of-employees
56.000.000.000 / 14.000 = 4.000.000
That’s 4 million per fired employee.
bravesilvernest@lemmy.ml 6 months ago
Sounds like one hell of a severance should have been given 😘