$1 trillion, lol
ISS said that while the board’s goal was to retain Musk because of his “track record and vision”, the 2025 pay package “locks in extraordinarily high pay opportunities over the next ten years” and “reduces the board’s ability to meaningfully adjust future pay levels.”
You’re gonna f*cking give it to him, aren’t you?
You know, when your CEO wants a TRILLION dollar compensation package, you should be using words like “unacceptable”, “ridiculous” and “insane” NOT “gosh, this is a real head-scratcher. How are we going to make this work?”
Also “and how exactly to you propose that you’ll make us that much more than someone significantly cheaper”
I think they love musk and ceos like him. They’re like the dancing monkeys of the business. The CEO becomes the lightning rod for public outcry against the company and causes short term dips in stock value which allows the share holders to buy more stock. Government contracts go through and they make money as the stock bounces back. There’s other factors sure, but at the end of the day the share holders are still making money. They’re running on a different system than the rest of us.
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I wish we could get them in Canada, but we have to stand in solidarity with the country that has threatened to annex us, and steal what little auto manufacturing we have. Honestly stopping the electric car embargo would save us alot of headaches, like them refusing to buy our crops and other shit.
Truly sickening.
(The pay pack, not the push back)
This company is like Enron with a turd Reich leader. I doubt it will survive a crash. I’m sick of being told douchebag South African apartheid Nazis are “geniuses”. I hope this man goes bankrupt and then to prison.
Amen.
ISS said that while the board’s goal was to retain Musk because of his “track record and vision”
Wanna bet that Musk has kompromat on every single member of board of investors? How and why else would he want data from the government aside from training AI, and also still not being fired?
lol “investor pushback” must be the weakest description for what is probably a ton of people really pissed off.
Frankly, if the company you invested in does not give you dividends, then you are a fucking chump.
Frankly, if the company you invested in does not give you dividends, then you are a fucking chump.
That’s just not true. There are plenty of reasons why fast growing/expanding young companies shouldn’t pay dividends, if they have better opportunities to put capital to work (if you disagree with their assessment you sell the stock).
And even in mature companies dividends aren’t always good. Just look at Intel and Berkshire. Intel should have cut the dividend way sooner and is now in a worse spot because they didn’t. Berkshire on the other hand is by all accounts a healthy and well run company. If you want to take profits you just sell some stocks and if Berkshire thinks that price is to low they repurchase some of that stock.
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It might be interesting to create structures for more shareholder oversight over executive pay.
I’m probably far less concerned about executive pay in general than a number of people here, but my understanding is that in Musk’s case, there have been real questions about the board’s independence.
And Musk has had what I’d call some real errors. I am pretty skeptical about his high profile politicking being good for Tesla. Even if he wanted to support Trump, he certainly did not need to become the face of DOGE or be personally doing his $1m lotteries for voting. The Cybertruck flopped.
And he’s not doing Tesla as a full-time job. He’s also CEO, chairman, and CTO of SpaceX.
It’s also not clear to me that even if he can grow an early stage company, that he’s great at dealing with a mature one. Tesla has the largest market cap of any automaker in the world by a large margin. They aren’t a startup any more.
https://companiesmarketcap.com/automakers/largest-automakers-by-market-cap/
I’m dubious that Tesla couldn’t obtain a CEO who could do at least as effective a job for far less pay.
And he’s not doing Tesla as a full-time job. He’s also CEO, chairman, and CTO of SpaceX.
Isn’t he supposedly operating six companies? Tesla, SpaceX, xAI, The Boring Company, Neuralink, and X?
Every time I hear some apologist for the extremist position of executive pay that we are operating under, I now think of this guy. In at least his case, it’s clearly a part-time job for one or more of these companies.
Oddly, most companies frown on the average worker doing any moonlighting. They want you exclusively working for one company, at least for white-collar jobs. Doesn’t seem to apply to executives, since it’s fairly common for them to also sit on the boards of other companies, even if it’s not common for them to be operating six companies…
What I find particularly problematic is the conflict of interest between Tesla and xAI, especially because Elon has a higher percentage of ownership of the latter.
It’s clear that Tesla is priced not as a car manufacturer, but as a technology company with high (arguably delusional) hopes towards self driving, compute and robotics. However that kind of seems like a natural area to expand into for xAI as well. So why should Elon do it at Tesla where he has less ownership?
Btw xAI acquired X, so one less company. From what I remember at the time the purchase felt like Elon taking advantage of other investors and getting a very favorable deal for himself due to the company evaluations, which increased his ownership stake in the combined company.
The company has to hit 10T 🥲 poor Elon thinks he can kick the can another 9T 🤣
Ah, I missed that earlier. Yeah, not going to happen.
Yeah I was mad until I saw that stipulation. The only way is if he merges xAI with Tesla and the bubble doesn’t pop for several years.
Off topic, but: Is Musk now going for dear leader‘s orange spray tan look?
No, that’s his signature Keta-tan
If you work hard enough you deserve it amiright?!
