Musk is not getting billions worth salary. You can’t hire 500,000 people using his package. Unless you believe that these workers should be eating shares instead of food.
Ok, imagine the following scenario. Tesla decides not to pay Musk and hire all these people instead. Would you join the workforce? They will give you share options with a three year vesting period and zero salary. Go on, join them on these conditions!
You can offer shares to employees to supplement salary, its very common. It could be used to attract or retain staff by offering less salary but a larger overall package than their rivals and tie in the employees for a period of time till the shares vest.
Musk is not getting billions worth salary. You can’t hire 500,000 people using his package. Unless you believe that these workers should be eating shares instead of food.
Once the shares vest then he can get the money. The point still stands, just not immediately.
The point doesn’t stand, because you can’t get 500,000 people.
Why not? People once believed that you couldn’t get $56b just for one person.
Ok, imagine the following scenario. Tesla decides not to pay Musk and hire all these people instead. Would you join the workforce? They will give you share options with a three year vesting period and zero salary. Go on, join them on these conditions!
You can offer shares to employees to supplement salary, its very common. It could be used to attract or retain staff by offering less salary but a larger overall package than their rivals and tie in the employees for a period of time till the shares vest.
Yeah, but not 500,000 of them.
Much more than one though.
Even if the shares drop by 90% of their value after distribution and liquidation, that’s still 50,000 people you could pay 100,000.
Lol, ook.