https://arstechnica.com/civis/threads/tesla-chair-says-elon-musk-needs-46-billion-pay-plan-to-stay-motivated.1501156/post-42894752
Musk could devote less time to Tesla if pay isn't re-approved, shareholders hear. See full article...
Nothing could possibly benefit that company as much as Elon Musk getting demotivated and no longer coming in to work.
Tesla getting a new CEO is the only way Tesla is going to win back the demographics that Musk chased away acting like a dumb toddler.
ie: the people who care about climate change enough to spend $40-100K on EVs of mediocre build quality.
I suppose his maliciously designed Truck will convert a few bro-dozers who need a new truck to commute in, but I don’t think it’ll help Teslas bottom line.
If the stock wasn’t so overly valued based on Musk-lies I’d agree, but I think they’re in trouble either way.
Musk knows something unrelated that's gonna bring down Teslas stock and this is how he's gonna exploit it?
My money out on a major state banning the cyber truck after it Julians a pedestrian.
I know that a normal car with sharp protruding bodywork/rust holes, wouldn’t pass the safety inspection in at least the 2 New England states I’ve owned cars in.
I could see CA and the rest of the west coast banning their sales first, or requiring so much rework that they aren’t viable cars there.
Grab 5 of the top engineers, sales people, and marketing at the company, double their pay, and grant them a $1,000,000,000 bonus in 5 years time if they beat certain performance metrics. Have them sit on a board as coCEOs and watch true motivation. Kick out the guy that's demanding 3 times your annual income as "motivational" compensation.
I remember when Bill Gates was the richest person on the planet with $45 billion total and it was covered in all the news. Things have gone more out of control than anyone could’ve imagined.
Here's the article; the link in the OP points to a discussion thread.
The chair ought to be questioning whether the company should continue to employ someone who needs that much "motivation", not urging shareholders to give it to him.
That guy is probably getting pegged by musk for $1 billion per instance. It’s on his best interest musk has the money and needs to convince the board.
Tesla Board Chairperson Robyn Denholm urged shareholders to re-approve CEO Elon Musk's $46 billion pay package this week, saying the vote is "not about the money" while suggesting that Musk could leave Tesla or devote less time to the company if he isn't properly compensated.
Don't threaten me with a good time!
So basically, he wants his salary to be Twitter's purchase price and some change. That seems totally reasonable as compensation.
It's funny that he's asking for what amounts to an undo button for this colossal mistake he made in buying Twitter.
"Please give me exactly enough cash to bail myself out of all this Saudi debt that I took on when I memed myself into a legal requirement to acquire Twitter"
I hope this gets him booted from Tesla. It's an open secret that he doesn't run the show anyway, he just has enough power to force them to develop boondoggles like the Cybertruck.
I’ll happily be their new CEO for a mere half a billion. I will be intensely motivated as such.
Seriously though, how can you pay a CEO this much money and actually believe that’s how much value you’re getting? Absolutely ridiculous. I imagine it’s a revolving door system where you and your buddies always vote each other up into bigger compensation packages.
if he wasn’t motivated to not tank tesla’s stock by being a vocal fascist… i don’t think this would motivate him to do anything good either
You better be motivated. Being a CEO is super hard work plus your genius ideas are required to propel the company to record profits.
I can see! Man could you imagine spending a full twenty hours a week socializing with your peers, traveling, or (*gasp*) even exercising!? Why, I'd barely be able to hold it together for my daily hour long "Business meal"!
God knows I'd never be able to soldier through like Musk, constantly promising things like "Mars colony in two years" every year (among other things)while still having the time to spend hours posting "!!" "Concerning" or "XD XD XD" until 3 am on Twitter. Why I probably wouldn't even have the time to signal boost white supremacists and post dog whistles about we need more babies to stave off "the great replacement".
