Tesla seeks to award Elon Musk $56bn pay package
www.bbc.com
external-link
The deal, if approved by shareholders and judges, would be the largest in corporate America.

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
link
fedilink
English
56M

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.

@RememberTheApollo_@lemmy.world
link
fedilink
English
5
edit-2
6M

I’ll offer this up, too:

Jeff Bezos, the richest person in the world, has made the same $81,840 salary for two decades.

Yeah, it’s an older article, but it demonstrates the same principle. Cash pay doesn’t indicate what someone’s worth. One could get paid more than Bezos, but obviously never approach his total compensation or net worth.

So why Musk is trying to pillage Tesla for such a huge pay package is beyond me. However, on the Tesla c/, some speculate that Tesla is showing some of the same symptoms as other big automakers did before declaring bankruptcy. Total uneducated guess that musk is cashing out some of his chips before Tesla “officially” declares financial issues in the next few years?

Create a post

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


  • 1 user online
  • 186 users / day
  • 583 users / week
  • 1.37K users / month
  • 4.49K users / 6 months
  • 1 subscriber
  • 7.41K Posts
  • 84.7K Comments
  • Modlog