Elon Musk’s $56 billion Tesla compensation voided by Deleware judge.

[Peter]

If you examine the compensation plans for most CEOs of public companies, they are contrary to shareholders' interests.

The CEO is a coveted position because they get paid a cushy salary despite the company's performance.

Many CEOs' pay compensation is tied to the company's EPS growth. A lot of these CEOs achieve EPS growth by saddling the company with debt and driving repurchase plans. This does not benefit the average shareholder.

No CEO is worth this much.

 

[Bucky]

No CEO is worth this much.

You do realize that most of Elon Musk's salary is based on stock options, which is not realized?

 

[JasperL]

When Musk agreed to the deal, Tesla's market cap was 50 billion. Now it's over 500 billion.

Apparently, you and @Peter hate compensating people for delivering.

I'm sure Elon is glad he's got the little people out carrying water for a multi-billionaire. Nice work!!

 

[Peter]

You do realize that most of Elon Musk's salary is based on stock options, which is not realized?

Yes, it doesn't alter the fact that the amount is obscene.
Imagine the benefits to the company if they gave 10% of that to the rest of the staff did they also not help the company or was it somehow all Musk?

 

[Bucky]

Yes, it doesn't alter the fact that the amount is obscene.
Imagine the benefits to the company if they gave 10% of that to the rest of the staff did they also not help the company or was it somehow all Musk?

Tesla employees do indeed get stock options.

 

[Mr Person]

Biden has strong ties to Deleware.

If he's as powerful as you people pretend, you should give up. According to you, you don't stand a chance; he can pull any string at any time and you just can't do anything about it.