Tesla shareholders approve $46 billion
pay package for CEO Elon Musk
CBS News,
by
Aimee Picchi
Original Article
Posted By: Dreadnought,
6/13/2024 5:40:28 PM
In the history of U.S. corporate pay packages, there have been plenty of massive payouts worth almost $1 billion in today's dollars. But none comes close to the $46 billion pay deal Tesla shareholders on Thursday handed to CEO Elon Musk.
The results of the shareholder vote, which concluded today, were announced during Tesla's annual meeting, prompting a standing ovation from shareholders attending the Thursday event. Musk had already declared victory, writing late Wednesday on his social media platform X that shareholders were voting to approve the pay package by "wide margins."
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Reply 1 - Posted by:
SkyKing1222 6/13/2024 6:16:59 PM (No. 1736753)
No problem
Now we can end all tax incentives on Tesla products. The American tax payers definitely shouldn’t have subsidize this kind of pay package.
18 people like this.
Reply 2 - Posted by:
DVC 6/13/2024 7:30:45 PM (No. 1736776)
He might actually be worth that much, amazingly.
15 people like this.
Reply 3 - Posted by:
Birddog 6/13/2024 8:25:10 PM (No. 1736801)
He doesn't actually get "Paid", has never received a check, no benefits, no salary, from a company that HE founded, started, made an international household name, the most popular(as well as profitable) e-car company in the world, and in history.
The "Stockholder" that sued and won in Delaware, owned 10 shares, which he had only purchased to be able to sue the Company. He has similar "Stakes" in dozens of companies, and has sued several already. His "Lawyer" specializes in such suits for several other " Minority Stockholders" as well.
A Deal is a Deal...shareholders made the deal......now have made it again. It's nobody else's business..it is THEIRS...and HIS.
Last year he was being bashed by Media and Dems for not paying much in Taxes, because his "Wealth" is nearly all on paper, stocks that he accepted as compensation by never sells, took a poll and asked "the people" if he should sell some stocks so that he would have to pay some taxes, the "People" said yes, so he sold some stocks for the 1st time ever, and paid THE SINGLE LARGEST TAX BILL in American History.
20 people like this.
Reply 4 - Posted by:
downnout 6/13/2024 8:33:42 PM (No. 1736803)
A million thumbs up, #3.
8 people like this.
Reply 5 - Posted by:
seamusm 6/13/2024 8:36:54 PM (No. 1736805)
Isn't Musk the largest shareholder with the greatest number of votes? Left hand - help right hand.
5 people like this.
Reply 6 - Posted by:
mifla 6/14/2024 5:18:06 AM (No. 1736929)
How much did he get paid for his cameo on The Big Bang Theory?
1 person likes this.
Reply 7 - Posted by:
JackBurton 6/14/2024 6:41:35 AM (No. 1736955)
Hmmmm.
That is about what he bought Twitter for.
2 people like this.
Reply 8 - Posted by:
planetgeo 6/14/2024 7:03:02 AM (No. 1736964)
It's none of the government's, nor anybody else's, business what the shareholders of Tesla decide they want to pay Tesla. Without Musk, there is no Tesla.
For that matter, it's none of government's business what any company pays anybody. These recent government actions to set the "minimum wage" for fast food businesses are a complete disaster that is boomeranging with all sorts of unintended (maybe not so unintended?) consequences. It's a very slippery slope to government dictating EVERY job's compensation level. Sounds very much like communism. Whoa...maybe that's the ultimate intended consequence?
15 people like this.
Reply 9 - Posted by:
Rumblehog 6/14/2024 7:38:55 AM (No. 1736975)
Of course now all these "Board approved," but otherwise worthless. "yes-men," MBA CEOs across America will be demanding the same compensation package like what Elon Musk got. It's sort of like all the rookie baseball/football players expect to make what the #1 top draft pick gets after negotiating his contract. "If dreams were horses, poor men would ride."
By the way, it wasn't so long ago that money-grubbing corporate CEO's used sports stars' salaries as justification for driving their own compensation packages up. The "CEO class" in America is one narcissistic, egotistical, dangerously sociopathic group of people. Some 90% of them are a danger to the long term health of a company. I've seen it happen time and again during my career.
3 people like this.
Reply 10 - Posted by:
Zigrid 6/14/2024 10:09:47 AM (No. 1737055)
Good for Elon...he's magic when it comes to getting things done....so much for the angry establishment that was looking to take his money...he fooled you...he's a blessing.....God grant him continued success....and a safe harbor....watch out for the FBI...Elon.....
5 people like this.
Reply 11 - Posted by:
Dodge Boy 6/14/2024 12:15:06 PM (No. 1737102)
Well-deserved in my opinion. Not bad for a guy who works 24/7.
2 people like this.
Reply 12 - Posted by:
thefield 6/14/2024 1:41:23 PM (No. 1737144)
50 billion for Ukraine, 46 Billion for Musk. I didn't know Telsa was fighting the Russians.
1 person likes this.
Reply 13 - Posted by:
Lawsy0 6/14/2024 5:43:40 PM (No. 1737243)
My opinion, of course, is worth what you pay for it; but IMO this "Stockholder" has found a handy way to get an income. Hope he is just as handy earning respect.
0 people like this.
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