Hey not my money, so I don't GAF. No, I am not jealous either, I am no where in his league.
I don't invest in Tesla directly anyway, never have. Never will. I am now an investor so I make money that way, so this may help me indirectly if it juices up the stock.
No one is worth $1000B ($1T). Not even God. This is just a sad joke of a company that will go under soon and a few will get rich, others will lose their jobs. Story of America.
However, it is just bad optics at this time. We are in a recession, people losing their jobs, homes and these people want to give the richest man with $450B net-worth, a pay package of $1000B. Hmm. Why stop? Just gift him the entire company as "incentive".
It's actually funny these days as nothing about these people surprises me anymore. It just accelerates our descent into Bolivian. Maybe it is time to move to China and India.
Tesla Offers Unprecedented $1 Trillion Pay Package to Musk
https://finance.yahoo.com/news/tesla-offers-unprecedented-1-trillion-111941243.html
I don't invest in Tesla directly anyway, never have. Never will. I am now an investor so I make money that way, so this may help me indirectly if it juices up the stock.
No one is worth $1000B ($1T). Not even God. This is just a sad joke of a company that will go under soon and a few will get rich, others will lose their jobs. Story of America.
However, it is just bad optics at this time. We are in a recession, people losing their jobs, homes and these people want to give the richest man with $450B net-worth, a pay package of $1000B. Hmm. Why stop? Just gift him the entire company as "incentive".
It's actually funny these days as nothing about these people surprises me anymore. It just accelerates our descent into Bolivian. Maybe it is time to move to China and India.
Tesla Offers Unprecedented $1 Trillion Pay Package to Musk
https://finance.yahoo.com/news/tesla-offers-unprecedented-1-trillion-111941243.html
Quote:
(Bloomberg) Tesla Inc. (TSLA) proposed a new compensation agreement for Chief Executive Officer Elon Musk potentially worth around $1 trillion, a massive package without precedent in corporate America.
The long-awaited proposal, designed to incentivize Musk to lead Tesla for years to come, sets a series of ambitious benchmarks he must meet to earn the full payout, including expanding Tesla's nascent robotaxi business and growing the company's market value to at least $8.5 trillion from around $1 trillion today. The plan spans 10 years.
Quote:
The additional shares Musk could receive would push his stake in the electric-vehicle maker to at least 25%, according to the terms detailed in Tesla's proxy filing Friday. Musk has publicly stated he wants a stake of that size.
The plan dangles a financial windfall and expanded control of the company to Musk, already the world's richest person, after his 2018 package valued in excess of $50 billion was struck down by a Delaware court. While Tesla appeals that decision, the board is seeking other ways to compensate its CEO, including with an interim stock award in early August valued at about $30 billion.