Tesla seeks to award Elon Musk $56bn pay package | BBC
Tesla seeks to award Elon Musk $56bn pay package | BBC
The deal, if approved by shareholders and judges, would be the largest in corporate America.
It comes just days after Musk announced plans to cut more than 10% of its global workforce.
In a memo issued to staff Musk said there was nothing he hated more, "but it must be done".
I am speechless, are his employees and shareholders buying this ****?
No, most shareholder don't have voice in big corp. Only a handful of shareholder who invest ton of cash can speak
People like Ron Baron
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.
It'll be interesting to see whether common sense or propaganda is more effective on TSLA retail shareholders.
https://www.macrotrends.net/stocks/charts/TSLA/tesla/number-of-employees
Tesla total number of employees in 2023 was 140,473
56.000.000.000 / 14.000 = 4.000.000
That's 4 million per fired employee.
Sounds like one hell of a severance should have been given 😘
*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.
I guess we are going to find out exactly how stupid the remaining Teslas stockholders are.
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
- CEO's pay is ridiculously beyond the norm for his obligations and the rest of the sector
- CEO has not seen any stock growth in the past year
Over half their revenue
😂 Tesla 📉
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.
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.”
You have to hand it to him. He's managed to figure out how to milk US government subsidies whilst being a royal cunt.
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
They already started saving for his payout by firing 10% of the workforce. Well done!
The man has to pay off his Twitter debt somehow, have some sympathy with him. Making a bad purchase totaling a few dozen billions could happen to anyone. Plus he has to keep up with inflation you know, that ranking on the "Top richest people in the world" isn't going to maintain itself, better abuse some more workers to make sure he stays with the 0.0000001% of wealthy people. Not like those outdated bio robots are people anyway, really you have to own at least 1B to qualify for that status.
yo, make sure pay everyone their salary before pay your ceo
It's based on an increased company value. I suppose he will gladly pay it back when the company loses value too. Right?
What increase?
That's the joke
This sounds like that meme.
It's only fair.
It's only fair.
https://www.supportteslavalue.com/
Come on guys, just give up your legal rights and money. Elon needs control.
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.