Tesla's $2.6B Musk Award Too Costly, Glass Lewis Says
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Re: Tesla's $2.6B Musk Award Too Costly, Glass Lewis Says
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Re: Tesla's $2.6B Musk Award Too Costly, Glass Lewis Says
#3Requires registration to read.
Or something like uBlock Origin set to block everything.
Re: Tesla's $2.6B Musk Award Too Costly, Glass Lewis Says
#4Requires registration to read.
Re: Tesla's $2.6B Musk Award Too Costly, Glass Lewis Says
#5There 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?
Re: Tesla's $2.6B Musk Award Too Costly, Glass Lewis Says
#6There 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?
Because those people are smart and they've built the world you live in.
Re: Tesla's $2.6B Musk Award Too Costly, Glass Lewis Says
#7Re: Tesla's $2.6B Musk Award Too Costly, Glass Lewis Says
#8According to the article the board feels this is necessary to ensure Elon's focus is with resolving Tesla production issues, and not his other projects (SpaceX). He tries to create this superhuman "ironman" persona in the media, but the reality is no single person can possibly run all of these companies effectively, and investors are calling him out on that.
Re: Tesla's $2.6B Musk Award Too Costly, Glass Lewis Says
#9The 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 indifferently high salary seems reasonable to me.
Re: Tesla's $2.6B Musk Award Too Costly, Glass Lewis Says
#10The 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.