Board chair Robyn Denholm wrote in a letter included in the regulatory filing: “Elon has not been paid for any of his work for Tesla for the past six years… That strikes us, and the many stockholders from whom we already have heard, as fundamentally unfair.”
Musk’s compensation for 2023 was $0, the filing showed, as the billionaire does not take a salary from the company and is compensated through stock options.
it’s so unfair that elon hasnt gotten a single pay check and has instead had to settle for making billions off of his stock options. think of all the mega yachts and social media companies he could’ve bought if only he had been paid a salary.
completely agree. and it’s even more insidious when you take into account how he’s spent the past 6 years bragging about how he has a salary of $0 because he’s “only working for the betterment of humanity” or some nonsense like that.
Yeah, it’s an older article, but it demonstrates the same principle. Cash pay doesn’t indicate what someone’s worth. One could get paid more than Bezos, but obviously never approach his total compensation or net worth.
So why Musk is trying to pillage Tesla for such a huge pay package is beyond me. However, on the Tesla c/, some speculate that Tesla is showing some of the same symptoms as other big automakers did before declaring bankruptcy. Total uneducated guess that musk is cashing out some of his chips before Tesla “officially” declares financial issues in the next few years?
it’s so unfair that elon hasnt gotten a single pay check and has instead had to settle for making billions off of his stock options. think of all the mega yachts and social media companies he could’ve bought if only he had been paid a salary.
What bullshit it is to throw stock at someone that ends up being worth billions and turn around and say they never got paid.
He received compensation via stocks in lieu of cash. It’s business pay and compensation 101…this is how you get can get paid.
She’s saying “he got paid, just not cash pay, so we didn’t really pay him, and now we want to pay him again differently.”
completely agree. and it’s even more insidious when you take into account how he’s spent the past 6 years bragging about how he has a salary of $0 because he’s “only working for the betterment of humanity” or some nonsense like that.
I’ll offer this up, too:
Yeah, it’s an older article, but it demonstrates the same principle. Cash pay doesn’t indicate what someone’s worth. One could get paid more than Bezos, but obviously never approach his total compensation or net worth.
So why Musk is trying to pillage Tesla for such a huge pay package is beyond me. However, on the Tesla c/, some speculate that Tesla is showing some of the same symptoms as other big automakers did before declaring bankruptcy. Total uneducated guess that musk is cashing out some of his chips before Tesla “officially” declares financial issues in the next few years?