Elon Musk’s $56bn Tesla pay package is too much, judge rules::Judge ruled his pay – six times larger than the combined pay of the 200 highest-paid executives in 2021 – was set inappropriately
Antonio Gracias, a Tesla director from 2007 to 2021, called the package “a great deal for shareholders” because he said it led to the company’s extraordinary success.
Has this dude lost his mind?!
I like the way he thinks. That you can string any words together and just say them and pretend they’re true. Imagination and creativity is important, people.
I like the way Snrub thinks!
A town with money is like a mule with a spinning wheel
I just read 1 article and didn’t dig too much deeper
Over the last 4 years Tesla has laid off about 13,000 workers. If each had a $100K salary the cost to pay them all would be $1.3B.
So his one pay package could’ve paid all of those 13,000 people for years.
Musk testified during the compensation trial in November 2022 that the money would be used to finance interplanetary travel.
“It’s a way to get humanity to Mars,” he testified. “So Tesla can assist in potentially achieving that.“
Yeah but you’re not thinking of the BIG picture here, the very realistic goal of terraforming Mars and leaving all those poor sods behind.
Its not like it was cash, it was stocks. Ultimately tesla fanboys paid his check.
Well if it was cash, it would also be Tesla fanboys paying his check if you think about it.
So now he has to give half of it back?
He never got it in the first place. Musk only has around 13% of Tesla shares. Combined with few other key players, he’s just below 50%. He tried to blackmail the company to give him 50B$ or 25% of shares, claiming he just wants to be influential and not to be able to rule the company. But in reality that’s not true and the judge knew that. Good for her.
