Elon Musk and the $1 trillion pay offer

[diy_fun_uk]

Justified?
Not justified?
Morally ok?
Morally obscene?

Tesla shareholders approve Elon Musk's $1 trillion pay package

Elon Musk could become the world's first trillionaire after Tesla shareholders voted to give him a mammoth pay package.

www.dailymail.co.uk

 

[securespark]

I smell a rat.

 

[fillyboy]

Voted in favour of by shareholders If he meets certain performance targets in the next 10 years. I'd be interested to see the performance targets.

 

[Notch7]

I dont care how much he earns, I do care that he presided over the "DOGE" campaign that cost loads of people their livelihoods and ending USAID meant people not having enough food of medicine

and I do care about how much govt money his companies received in cosy constracts

 

[blup]

This time next year…….

 

[Vinty]

Voted in favour of by shareholders If he meets certain performance targets in the next 10 years. I'd be interested to see the performance targets.

I think has to raise Tesla market value from 1.4 trillion to 8.5 trillion within 10 years.
Also he has to get 1 million Robotaxis on the road.

 

[Mottie]

This time next year…….

…..we'll all be trillionaires, Rodney.

 

[Vinty]

I dont care how much he earns, I do care that he presided over the "DOGE" campaign that cost loads of people their livelihoods and ending USAID meant people not having enough food of medicine

and I do care about how much govt money his companies received in cosy constracts

The problem today isn't between left and right.
It's between the Oligarchs and everyone else.

The gap is growing every day.

AI Overview




In 1950, the CEO-to-worker pay ratio was approximately
20-to-1, meaning a CEO made about 20 times what the average worker earned. This ratio has since grown substantially, reaching over 300-to-1 in recent years.

• 1950s: The ratio was around 20-to-1.
• 1980s: The ratio had increased to about 42-to-1.
• 2000: The ratio had grown to approximately 120-to-1.
• Recent years: The ratio has continued to rise significantly, with some estimates putting it at nearly 400-to-1 or even higher for S&P 500 companies

 

[fillyboy]

I think has to raise Tesla market value from 1.4 trillion to 8.5 trillion within 10 years.
Also he has to get 1 million Robotaxis on the road.

That's some target. To be fair if he hits that he's worth a trillion dollar bung.

 

[IT Minion]

I think has to raise Tesla market value from 1.4 trillion to 8.5 trillion within 10 years.
Also he has to get 1 million Robotaxis on the road.

The bit that gets missed is that even if he meets one of his 12 goals he's in line for one of the biggest pay packets in history.

The idea he needs to be paid that much money to get him to pay attention is nonsense.

 

[johnny2007]

In 10 years time a trillion will be probably worth the equivalent of £1000 today.

 

[ellal]

The problem today isn't between left and right.
It's between the Oligarchs and everyone else.

Always has been, whatever the prevalent word for the obscenely rich is at any given time...

 

[IT Minion]

In 10 years time a trillion will be probably worth the equivalent of £1000 today.

The shares would presumably also have gone up in line with inflation.

 

[morqthana]

Voted in favour of by shareholders If he meets certain performance targets in the next 10 years. I'd be interested to see the performance targets.

Tesla says Musk should be paid $1tn - will shareholders agree? - BBC News

The car-maker is lobbying fiercely for the pay package, which is being voted on ahead of its AGM on Thursday.

www.bbc.co.uk

 

[Vinty]

Always has been, whatever the prevalent word for the obscenely rich is at any given time...

Nothing wrong with being rich.
It's what they do with their money is the problem.
Using it to fund people to stir up trouble in their home countries and bribing politicians is a bit problematic.