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

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[quote=Anonymous][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]

At Universities, faculty appoint committees to consider raises.  Then they vote themselves large raises.  This causes the cost of tuition to rise much faster than inflation.  And people happily pay this, even though it is destroying our culture due to a combination of a tragedy of the commons thing and because they really know that if you go to college with the big boys, you have an unfair advantage that can lead to you earning $T salary that you certaintly don't deserve.

So this is fair?  Good? how we should order to society to preserve it and make it a decent place to live?  Is this the kind of world you want to live in?  Because humanity can chose what their culture is like.  There is no "god given" ordering.  And certainly if the strong can take what they can get, the weak can get together and take down the strong. And we don't have to accept the strong taking what they want.  We can use our brains to rein in destructive behaviors when we see them.[/quote]

Who at the universities is getting these massive raises?  I ask, because the tenure system is virtually gone, and often the highest paid employee is the football coach.  Yes, tuitions have skyrocketed but where is the money actually going?[/quote]

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