11–20 of 58 posts
There should be some sort of law that prevents this. Musk's companies have taken over 5 billion in government subsidies, why are my tax dollars going towards the creation of billionaires?
The article doesn't go into much details of the stock award. Musk is proposing not taking a salary for the next 10 years and receiving a 1% stock award each time he meets some insanely aggressive milestones: https://cdn.teslarati.com/wp-content/uploads/2018/01/Tesla-C... http://ir.tesla.com/releasedetail.cfm?releaseid=1054948 I'm not a TSLA shareholder, but tying CEO performance to company performance rather than an…
Or you just allow the CEO to pump and dump the company, because the 1%/year stock will be absolutely massive while riding the hype and when things go south he can just quit and buy half the bahamas. There are much better ways to tie CEO performance to company performance that don't include amputating company stock every time your CEO is paid.
> Tesla has set a dozen targets, each $50 billion more than the next, starting at $100 billion, then $150 billion, then $200 billion and so on, all the way to a market value of $650 billion. In addition, the company has set a dozen revenue and adjusted profit goals. Mr. Musk would receive 1.68 million shares, or about 1 percent of the company, only after he reaches milestones for both. [1]
[1]https://www.nytimes.com/2018/01/23/business/dealbook/tesla-e...
There should be some sort of law that prevents this. Musk's companies have taken over 5 billion in government subsidies, why are my tax dollars going towards the creation of billionaires?
The subsidies do have a reason to exist, but I agree that they're misdirected. They could directly fund R&D of battery/EV/aerospace technology instead of subsidizing luxury vehicles that only serve as a novelty for the rich.
That's been the gameplan since day 1.
There should be some sort of law that prevents this. Musk's companies have taken over 5 billion in government subsidies, why are my tax dollars going towards the creation of billionaires?
The subsidies do have a reason to exist, but I agree that they're misdirected. They could directly fund R&D of battery/EV/aerospace technology instead of subsidizing luxury vehicles that only serve as a novelty for the rich.
The article doesn't go into much details of the stock award. Musk is proposing not taking a salary for the next 10 years and receiving a 1% stock award each time he meets some insanely aggressive milestones: https://cdn.teslarati.com/wp-content/uploads/2018/01/Tesla-C... http://ir.tesla.com/releasedetail.cfm?releaseid=1054948 I'm not a TSLA shareholder, but tying CEO performance to company performance rather than an…
Like much CEO pay, Musk's pay package is more about status than about motivating him.
Or is someone really going to try to make the case that he's kinda half-assing it right now?
Why do people listen to these proxy advisory services like Glass Lewis [2]? Honestly, none of them have anything near a good track record or are worth anything [3]. They are effectively like tabloids for the financial markets.
Honestly, I'd love to hear from someone on wall street what value these "analysts" provide?
[1] https://www.recode.net/2018/2/1/16961202/apple-iphone-x-chin...
[2] https://en.wikipedia.org/wiki/Glass_Lewis
[3] https://www.economist.com/news/finance-and-economics/2159435...
The article doesn't go into much details of the stock award. Musk is proposing not taking a salary for the next 10 years and receiving a 1% stock award each time he meets some insanely aggressive milestones: https://cdn.teslarati.com/wp-content/uploads/2018/01/Tesla-C... http://ir.tesla.com/releasedetail.cfm?releaseid=1054948 I'm not a TSLA shareholder, but tying CEO performance to company performance rather than an…
Musk already owns tons of Tesla story and should be motivated by that. There's absolutely no evidence that additional equity would motivate him more. On the contrary, there is plenty of evidence on the diminishing marginal utility of wealth. Like much CEO pay, Musk's pay package is more about status than about motivating him. Or is someone really going to try to make the case that he's kinda half-assing it right now?
For the average person, but who are you to decide? He clearly already spends his money productively by largely self-funding ambitious projects, and I suspect that he would be pursuing even more if he had infinite resources.
The article doesn't go into much details of the stock award. Musk is proposing not taking a salary for the next 10 years and receiving a 1% stock award each time he meets some insanely aggressive milestones: https://cdn.teslarati.com/wp-content/uploads/2018/01/Tesla-C... http://ir.tesla.com/releasedetail.cfm?releaseid=1054948 I'm not a TSLA shareholder, but tying CEO performance to company performance rather than an…
Musk already owns tons of Tesla story and should be motivated by that. There's absolutely no evidence that additional equity would motivate him more. On the contrary, there is plenty of evidence on the diminishing marginal utility of wealth. Like much CEO pay, Musk's pay package is more about status than about motivating him. Or is someone really going to try to make the case that he's kinda half-assing it right now?
Earlier quoted context omitted.
Musk already owns tons of Tesla story and should be motivated by that. There's absolutely no evidence that additional equity would motivate him more. On the contrary, there is plenty of evidence on the diminishing marginal utility of wealth. Like much CEO pay, Musk's pay package is more about status than about motivating him. Or is someone really going to try to make the case that he's kinda half-assing it right now?
He's not half-assing it, but he has Mars goals which are likely to distract him at some point. He is serious about his Mars efforts. At a certain point it makes sense for him to leave to focus on that, unless staying at Tesla also helps him hit his Mars goal by 10xing the resources he can dedicate to the effort.
So I'm guessing he'd take that money and just privately fund SpaceX, like Jeff Bozos is doing with blue origin.