Technology @lemmy.world Wilshire @lemmy.world 5mo ago

Tesla chair says Elon Musk needs $46 billion pay plan to stay motivated

arstechnica.com Tesla chair says Elon Musk needs $46 billion pay plan to stay motivated

Musk could devote less time to Tesla if pay isn't re-approved, shareholders hear. See full article...

41 comments

- Wow this is so hard on point!
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.
- I don’t think you understand just how upset he’s going to be if he doesn’t get 46 billion.
  
  He's almost definitely going to call someone a pedo again.
Save $46 billion and have musk leave? Thats win-win if I've ever seen it.
- 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?
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.
- And Bill sold his soul honestly with hard work, not instead of it
I will stay motivated for only $45 billion.
- You cheap bastard...
- I'll do it for $44 billion.
- You drive a hard bargain
- I’ll do it for three point fiddy billion
I don't even get out of bed for less than $2 billion.

How the hell can this not affect the morale of people working for this company? Even from a purely evil self-preservation standpoint that seems important to consider.
- My company sold a part of our business, and I casually mentioned to our VP that it's almost enough to buy everyone in the company a lamborghini. He didn't seem to think that would be a good idea, but that stock buybacks and a big dividend would be...
- can this not affect the morale of people working for this company?
  
  Are you saying they WON'T give 46 billion to everybody who works for this company?
  
  How scandalous!
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.
  
  The chair is actually a woman.
Me too. I'll go first, and if it works, he can do it as well.
I also need this to stay motivated.
This guy is a leech.
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.
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!
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
Put him on a Starship.
- A submarine
Well, so do I. I'd be so god damned motivated for 46 billion.
Where are all the idiots who swear that "coMpaNIes mUSt MaXimIZe proFiTs bY lAw" now?
Please pay him so he concentrates on fucking up Tesla and leaves SpaceX alone.
Drugs are expensive, bro.

41 comments