Too many folks here thinking they can appeal to the board with logic and reason…
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. “This is obviously not about the money. We all know Elon is one of the wealthiest people on the planet, and he would remain so even if Tesla were to renege on the commitment we made in 2018,” Denholm wrote in a June 5 letter to shareholders. Musk’s pay plan was nullified by a Delaware Court of Chancery ruling in January 2024 after a lawsuit filed by a shareholder. The ruling said that Denholm had a “lackadaisical approach to her oversight obligations” and “derived the vast majority of her wealth from her compensation as a Tesla director.” It also said most board members “were beholden to Musk or had compromising conflicts,” and that the proxy information given to shareholders before the 2018 vote was “materially deficient.”
Rubber stamp, just looking for the right cover to allow them to do the wrong things.
Well the ketamine sure isn’t going to keep him motivated.
What a whiney little bitch.
I’d stay motivated for 1/2 that.
I am guessing you could hire several hundred CEOs collectively for that price. And they would not be splitting their time between five companies. Robyn clearly had their nose so far up Musk’s ass that it is difficult to figure out where one ends and the other begins.
Ask for the full $42 billion, but be willing to settle for $21 billion.
I’d stay motivated for 1/100th of that.
Hell, pay me $200,000 a year and I’ll be plenty motivated.
The only problem is that with your merger $200,000 job you’d have to work for 5,000 years at that wage without spending a single penny before you’d reach even one billion dollars. To be e billionaire now would make your start date 3000 BC which would be around the time the Sumeruan writing system was first used.
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Now, it gets worse. If you want to make Elons 46 billion dollar package you’d have to start working your full time $200,000 job 230,000 years ago. This would be the prehistoric stone age so finding a $200,000 a year job would be difficult. Even more difficult would be staying alive while working full time for 230,000 years while you earn the amount Elon wants handed to him.
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I think the reason people think having a billion dollars is OK is because they can’t do math and don’t understand the ludicrously in that amount of money.
If I were Grand Poobah, I’d throw the rich a bone and say any wealth over $10 million is taxed at 99%.
No one needs $10 million, but let them have their precious Lamborghinis.
You can’t tax wealth.
You absolutely can.
One of the first paragraphs states that by 2017 only 5 countries have wealth tax. Because it’s fucking dumb and doesn’t work.
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That’s like the average salary in IT, why bother? I wouldn’t even think about becoming a CEO of a company like Tesla without a package worth hundreds of millions.
CEO is a lot less work.
Just pointing out that Twitter is now worth less than the debt he took on to buy it, and yet he seems plenty motivated there.
Even if he calls a factory-wide meeting, he’s not going to get as many people laughing at his “humor” and telling him what a genius he is compared to Twitter.
And that’s all he really cares about.
So yeah, he’s very motivated to seek out attention from sycophants.
He put up Tesla stock to finance Xitter, so I’m guessing these effing ridiculous demands for salary and bonus are his attempt to backtrack out of that debt. He must be hurting behind the scenes. OhNoAnyway.jpg …
Stay motivated to what? Being a gigantic fucking douche?
I thought that’s what the Adderall was for?
Can’t he just sniff an other line of ketamine to be motivated?
Motivated to do what? Fuck up the company some more?
Even £1 million would motivate me to never go back to work
What a shit show. Musk is cozying up to Trump - who has said he’d make Musk one of his top advisors and that he would ban EVs.
Musk was already on Trump’s failed economic council. It makes sense from Musk’s standpoint: do what you can to persuade the motion trying to kill your business.
But yes, Musk and Tesla in general are a shit show.
Tesla I’ll be motivated for 4.6 billion dollars. Hire me instead, save 40 billion dollars. I’ll even replace the cybertruck with the “grootwagon”, a wooden paneled stationwagon that floats on water (preventing pond drowning situations). Without gasoline wood exteriors on electric cars will work just fine.
If groot wagon is an amphibious boat, I would totally buy it, no matter how ugly. The horn could say “Groot!” and I would still buy it.
The horn
couldbetter say “Groot!”and I would stillor I won’t buy it.
Do you have a roadmap?
sure
Good enough!
Couldn’t we just buy him a pizza lunch?
He’s gotta share and the manager is buying it out of pocket so they’re gonna cut some little Caesars slices in half.
Nobody wants to work any more
I’ll do it for 45 billion.
I’ll do it for 1 billion and would do a better job than musk rat.
Yeah greed is a serious motivator innit? Plain as day his only goal in everything he does.
The chairperson claims it is not about the money…yet it’s a monetary compensation.
Then the chairperson is an idiot or a liar. Or both ;)
Option number three it is.
