- cross-posted to:
- enoughmuskspam@lemmy.world
- cross-posted to:
- enoughmuskspam@lemmy.world
You must log in or register to comment.
Too many folks here thinking they can appeal to the board with logic and reason…
Tesla Board Chairperson Robyn Denholm urged shareholders to re-approve CEO Elon Musk’s $46 billion pay package this week, saying the vote is “not about the money” while suggesting that Musk could leave Tesla or devote less time to the company if he isn’t properly compensated. “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,” Denholm wrote in a June 5 letter to shareholders. Musk’s pay plan was nullified by a Delaware Court of Chancery ruling in January 2024 after a lawsuit filed by a shareholder. The ruling said that Denholm had a “lackadaisical approach to her oversight obligations” and “derived the vast majority of her wealth from her compensation as a Tesla director.” It also said most board members “were beholden to Musk or had compromising conflicts,” and that the proxy information given to shareholders before the 2018 vote was “materially deficient.”
Rubber stamp, just looking for the right cover to allow them to do the wrong things.
I’d stay motivated for 1/2 that.
I’d stay motivated for 1/100th of that.
Hell, pay me $200,000 a year and I’ll be plenty motivated.
That’s like the average salary in IT, why bother? I wouldn’t even think about becoming a CEO of a company like Tesla without a package worth hundreds of millions.
CEO is a lot less work.
The only problem is that with your merger $200,000 job you’d have to work for 5,000 years at that wage without spending a single penny before you’d reach even one billion dollars. To be e billionaire now would make your start date 3000 BC which would be around the time the Sumeruan writing system was first used.
-
Now, it gets worse. If you want to make Elons 46 billion dollar package you’d have to start working your full time $200,000 job 230,000 years ago. This would be the prehistoric stone age so finding a $200,000 a year job would be difficult. Even more difficult would be staying alive while working full time for 230,000 years while you earn the amount Elon wants handed to him.
-
I think the reason people think having a billion dollars is OK is because they can’t do math and don’t understand the ludicrously in that amount of money.
If I were Grand Poobah, I’d throw the rich a bone and say any wealth over $10 million is taxed at 99%.
No one needs $10 million, but let them have their precious Lamborghinis.
You can’t tax wealth.
You absolutely can.
One of the first paragraphs states that by 2017 only 5 countries have wealth tax. Because it’s fucking dumb and doesn’t work.
-
Ask for the full $42 billion, but be willing to settle for $21 billion.
I am guessing you could hire several hundred CEOs collectively for that price. And they would not be splitting their time between five companies. Robyn clearly had their nose so far up Musk’s ass that it is difficult to figure out where one ends and the other begins.
What a whiney little bitch.
Award for Person You Could Easily Sell a Bridge To goes to chairperson Robyn Denholm.
He seems motivated enough with Twitter and he makes negative money there. Considering the poster for he has created at Tesla, maybe they should not be motivating him.
Robyn Denholm = Denholm Reynholm?
If so, lets get to the “replace her with Matt Berry” part of the story. What We Do In The Shadows is almost done, he might have the time.
“…a cyBEHR truck?”
Well the ketamine sure isn’t going to keep him motivated.
Just pointing out that Twitter is now worth less than the debt he took on to buy it, and yet he seems plenty motivated there.
Even if he calls a factory-wide meeting, he’s not going to get as many people laughing at his “humor” and telling him what a genius he is compared to Twitter.
And that’s all he really cares about.
So yeah, he’s very motivated to seek out attention from sycophants.
He put up Tesla stock to finance Xitter, so I’m guessing these effing ridiculous demands for salary and bonus are his attempt to backtrack out of that debt. He must be hurting behind the scenes. OhNoAnyway.jpg …
Good thing Tesla has all that money rolling in from its wildly-successful Cybertruck debut.
It’s funny, the world was excited for basically a teched out Toyota Tundra with shitloads of battery. The designers were ready to build that, and they could have kept literally everything else the same (steer by wire, steel skin, glass, bed cover, etc) and everyone would have been happy.
Even looking weird people were excited for it.
But then they deleted half the range and doubled the price and ::pikachu face:: everyone hates it.
Sure, musk was the reason it looks weird, but I’d be willing to bet he’s 100% the reason for those other things too, because they likely had to cut weight and size to make it’s weird look physical possible.
(I’d still buy it if it had 500+ range)
Or maybe the range sucks because some dipshit insisted it use heavy fucking stainless steel instead of lightweight aluminum or because some dipshit wanted it being “bulletproof” as a selling point.
Sounds like some dipshit shouldn’t be making important decisions.
They could replace the skin with foam board, but all that weight savings would just let them reduce the battery to save more on the manufacturing costs.
FYI, it only weighs about 400lbs more than the F150 Lightning, so the skin probably doesn’t add much weight over a traditional truck skin. The four wheel steering tech and glass roof probably add more.
they could have kept
literallyeverything else the sameThe literal sense of what you’re saying is implied since it’s not a figure of speech or hyperbole.
Ok, so that’s 3000 Cybertrucks sold, how much Profit do they need to make on each car for a 46 billion payout…?
I was told there would be no math.
I need $46 billion to motivate me to math the math
I finally saw one of those in person yesterday. It looked like a Hummer fucked a DeLorean.
It reminded me of when Hummers were all the rage as a way to say, “look how much money I can piss away!”
Are you telling me that Elon Musk might be, perhaps, quiet quitting? The horror.
Seriously, fuck that guy.
A motivated Elon produced the Cubertruck and replaced the Autonomous Driving ladar sensors with low resolution cameras. A motivated Elon turned Twitter into Xitter. I’m just saying that maybe you want to avoid a motivated Elon.
A motivated-Elon is why sales of Teslas are declining while other EV sales are up by double digits.
Easy, tell him then the shares they want to give him cannot be sold immediately then, like 5 years of holding. But also include a section that says his current holdings must then also be tied to the new shares holding period, since he said he was first in and will be last out, should not be a problem and will be a great motivator.
Don’t pay him. That’s probably the best way to keep Tesla from dying.
Him not being involved is the best thing that could happen to them, it’s a win-win.
You can lick him or you can dislike him, both are valid positions for various reasons.
However the fact is, his huge compensation plan was at the time a wild shot that would only kick in if the company achieved certain performance metrics that were considered impossible. Under Elon, Tesla achieved all of them.
Whether he is the right person for Tesla or not in this moment is immaterial IMHO. What matters is the performance. Contract was a King’s Ransom in exchange for an impossible miracle, and the miracle happened. So pay the man what he is owed.
Fire him after that if he’s the wrong person to keep leading Tesla. But pay him what he is owed.
Sounds like you may prefer to lick him than to unlike him.
Lol I guess that’s what I get for using voice typing
He is using Tesla as a piggy bank. Grifting money, employees and graphics cards.
Me 2
