All of the media’s pearl-clutching about Elon’s “trillion dollar pay package” is so silly. Tesla will have to meet some wildly ambitious goals for Musk to be paid anywhere near that amount. And if he does, his shareholders will be thrilled.
As a shareholder in dozens of publicly traded companies, I suppose that I’m in the class of folks who are “hurt” by excessive executive pay. In reality, I have no problem whatsoever for rewarding executives who are making money for me. For example, I own AAPL stock. Over the past 5 years, Tim Cook has exactly tripled my money (3X), which I consider a spectacular rate of return. So whatever AAPL is paying Tim Cook isn’t nearly enough by my reckoning. He deserves more. Conversely, I also own Target stock. The company and the stock have been stagnant over the past five years. My TGT stock is worth 34% less than it was 5 years about (0.66X), so whatever they’re paying the CEO, it’s actually too much. Rather than build wealth for me, he has destroyed it.
Yup.
Very hard goals to meet.
If he does, shareholders will make far more money than Musk does.
the santification of the rich is why we have 1% owning most of the world while billions still have outdoor plumbing,if that.
wake up..we've been swindled and schemed out of our money thru taxes upon taxes....most rich got there thru govt assistance for their "friends" ..