Reply to Tesla approves $1 Trillion pay package for Elon Musk

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[quote=Anonymous][quote=Anonymous]I have zero problem with this pay package.  Tesla is a corporation and can pay its CEO whatever it wants.  In this case, the $1T figure is based on company performance metrics.  If Musk hits those metrics, the company - and its millions of shareholders - will be doing very well.  Those shareholders include retail investors, mutual funds, and pension funds, all of which benefit tens of millions of people in the U.S. and around the globe.  Those people will enjoy the enhanced value of their investment in Tesla, and the Federal/State governments to which Tesla pays taxes will also benefit.

What folks here seem to have a problem with is that you don't think Musk is worth that kind of money, and in fact, nobody is worth that kind of money.  Musk is worth whatever Tesla will pay him and that he will accept, just like you are with your employer.  Likewise, Musk is free to spend his money on whatever he wants, just like you are with your money.[/quote]

The issue is the board is not focused on shareholders but actually beholden to Musk.  Read up on their bios and connection to Musk.

They should understand most of his wealth is tied up in Tesla stock; he is already dependent on it doing well, this only makes him have even more influence on the board. [/quote]

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