Tesla Pushes for $56bn Pay Deal for Elon Musk

Friday, April 19, 2024

Tesla is again seeking to award boss Elon Musk the biggest pay deal in corporate American history, worth $56bn.

Posted by REDIAL at 05:33 PM | 10 COMMENTS | permalink | Comment on This Entry |

It comes just days after Musk announced plans to cut more than 10% of its global workforce. In a memo issued to staff Musk said there was nothing he hated more, "but it must be done".

Comments

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The wealthy need to act like the wealthy.

No amount of money seems to be enough.

More money is always needed.

At the expense of workers losing their jobs?

Well, yeah.

What's yer point?

#1 | Posted by LampLighter at 2024-04-17 11:25 PM | Reply | Newsworthy 4

This is so he can pay for Twitter.

It's, like, really obvious.

#2 | Posted by snoofy at 2024-04-17 11:50 PM | Reply | Newsworthy 2

They canned mostly sales staff, for cars you pick off a menu and don't need sales staff except for delivery. Not the first time they've done this, probably third or forth I've heard about.

#3 | Posted by sitzkrieg at 2024-04-18 09:09 AM | Reply

#3 Tesla is canning assembly line workers in the plant Buffalo.

buffalonews.com

#4 | Posted by Nixon at 2024-04-18 11:19 AM | Reply | Newsworthy 1

The SolarCity turned Tesla plant never should have existed in the first place and were placeholder jobs that were heavily subsidized.

#5 | Posted by sitzkrieg at 2024-04-18 12:09 PM | Reply

Definitely was not just in Buffalo. They fired a bunch of service techs and sales staff in Houston.

#6 | Posted by sitzkrieg at 2024-04-19 08:02 AM | Reply

He had met the goals/milestones for that bonus and the dem libbie judge overstepping by interfering with a corporation. Just more dem overreach against one that they hate due to his purchasing twitter and stopping the cancellation of conservatives.

#7 | Posted by MSgt at 2024-04-19 05:48 PM | Reply

Elon Musk is the third richest man in the world... and MSgt wants us to believe he's a Victim.

#8 | Posted by snoofy at 2024-04-19 07:11 PM | Reply

@#7 ... He had met the goals/milestones for that bonus ...

Is it bonus? I have not seen the word "bonus" used to describe the payment.

... the dem libbie judge overstepping by interfering with a corporation. ...

The Judge said the pay deal was unfair to shareholders. Why doyou think it is fair to shareholders? Please be specific. the Judge was.

... She found Tesla directors, who negotiated the deal, were "perhaps starry eyed" due to Mr Musk's "superstar appeal" and did not fully inform shareholders. ...

How is looking out for shareholders' interests interfering with a corporation?

#9 | Posted by LampLighter at 2024-04-19 07:46 PM | Reply | Newsworthy 1

Monosodium Glutamate done lost his g-d mind.

#10 | Posted by LegallyYourDead at 2024-04-20 01:16 PM | Reply