That IS a OBSECENE amount of money to pay one person….
And that isn’t the Only business the guy owns….
I guess Miller & Co. ain’t gonna be sending the guys with guns and masks after him, eh?
Tesla announced Thursday that shareholders had voted to approve the biggest pay package in corporate history for CEO Elon Musk, in a deal worth up to $1 trillion over 10 years if the company meets a list of benchmarks such as selling 1 million humanoid robots.
Over 75% of shareholders voted in favor of the pay package, said Brandon Ehrhart, the company’s general counsel, as Tesla shareholders gathered in person and virtually for their annual meeting.
After the announcement, Musk celebrated the vote on a stage at the shareholder meeting, dancing and laughing alongside a pair of robots.
“I super appreciate it. Thank you, everyone,” he said. “What we’re about to embark upon is not merely a new chapter on the future of Tesla but a whole new book.”
Musk is already the world’s wealthiest person, with a net worth of about $473 billion, according to the Bloomberg Billionaires Index. The compensation agreement could help to make him the world’s first member of the “Four Comma Club” with $1 trillion or more in riches.
Musk’s wealth has risen this year despite serious damage to Tesla’s brand among politically left-leaning consumers caused by his embrace of right-wing politics around the world and his work in the Department of Government Efficiency in the Trump administration. In the first half of the year, Tesla suffered from falling revenue as anti-Musk protesters picketed Tesla showrooms to denounce his role in slashing foreign aid and other government spending.
Now, Musk is trying to turn around the company’s fortunes by focusing on developing robots that could one day work as household servants and by deploying robotaxis that could potentially drive without people in control. Neither is a reality yet: Tesla isn’t taking orders for droids, and its robotaxi prototypes still have employees in the vehicles for safety….
image….CBT News
Leave a Reply
You must be logged in to post a comment.