Enough Musk Spam

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For those that have had enough of the Elon Musk worship online.

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Tesla chair says Elon Musk needs $46 billion pay plan to stay motivated (arstechnica.com)

submitted 5 months ago by Diplomjodler3@lemmy.world to c/enoughmuskspam@lemmy.world

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Yeah, I totally get that. Give me $46 billion or I won't be motivated any more either.

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[–] atzanteol@sh.itjust.works 8 points 5 months ago

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. Elon is not a typical executive, and Tesla is not a typical company. So, the typical way in which companies compensate key executives is not going to drive results for Tesla. Motivating someone like Elon requires something different. This is one of the key reasons the Award also requires Elon to hold any shares he receives upon exercise of stock options for five years after he exercises the options — which can only serve to incentivize him to continue delivering value to Tesla and our stockholders.

Narrator: It was about money.