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Elon Musk’s $56bn Tesla pay package is too much, judge rules (www.theguardian.com)

submitted 9 months ago by L4s@lemmy.world to c/technology@lemmy.world

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Elon Musk’s $56bn Tesla pay package is too much, judge rules::Judge ruled his pay – six times larger than the combined pay of the 200 highest-paid executives in 2021 – was set inappropriately

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[–] ALilOff@lemmy.world 36 points 9 months ago (2 children)

I just read 1 article and didn’t dig too much deeper

Over the last 4 years Tesla has laid off about 13,000 workers. If each had a $100K salary the cost to pay them all would be $1.3B.

So his one pay package could’ve paid all of those 13,000 people for years.

[–] Theharpyeagle@lemmy.world 4 points 9 months ago* (last edited 9 months ago)

Musk testified during the compensation trial in November 2022 that the money would be used to finance interplanetary travel.

“It’s a way to get humanity to Mars,” he testified. “So Tesla can assist in potentially achieving that.“

Yeah but you're not thinking of the BIG picture here, the very realistic goal of terraforming Mars and leaving all those poor sods behind.

[–] bonus_crab@lemmy.world -4 points 9 months ago (1 children)

Its not like it was cash, it was stocks. Ultimately tesla fanboys paid his check.

[–] GeneralVincent@lemmy.world 10 points 9 months ago

Well if it was cash, it would also be Tesla fanboys paying his check if you think about it.