It might be interesting to create structures for more shareholder oversight over executive pay.
I’m probably far less concerned about executive pay in general than a number of people here, but my understanding is that in Musk’s case, there have been real questions about the board’s independence.
And Musk has had what I’d call some real errors. I am pretty skeptical about his high profile politicking being good for Tesla. Even if he wanted to support Trump, he certainly did not need to become the face of DOGE or be personally doing his $1m lotteries for voting. The Cybertruck flopped.
And he’s not doing Tesla as a full-time job. He’s also CEO, chairman, and CTO of SpaceX.
It’s also not clear to me that even if he can grow an early stage company, that he’s great at dealing with a mature one. Tesla has the largest market cap of any automaker in the world by a large margin. They aren’t a startup any more.
I’m dubious that Tesla couldn’t obtain a CEO who could do at least as effective a job for far less pay.
I reckon I could do that job more effectively than Musk, and I’m a fucking idiot with regards to business. I’d do it for a mere two million dollars a year.
I’d do it for $100k a year, because it would remove Musk from power in that particular place and save people from harassment while I could comfortably live off the wage.
Thank you for your vote of confidence!
But nah, for those 1-3 hours daily that Musk can alot to that specific task, $100k per year would be ok for me.
Hell, I could do nothing and just let the engineers do their job and I’d be by orders of magnitude better than that lunatic.
And he’s not doing Tesla as a full-time job. He’s also CEO, chairman, and CTO of SpaceX.
Isn’t he supposedly operating six companies? Tesla, SpaceX, xAI, The Boring Company, Neuralink, and X?
Every time I hear some apologist for the extremist position of executive pay that we are operating under, I now think of this guy. In at least his case, it’s clearly a part-time job for one or more of these companies.
Oddly, most companies frown on the average worker doing any moonlighting. They want you exclusively working for one company, at least for white-collar jobs. Doesn’t seem to apply to executives, since it’s fairly common for them to also sit on the boards of other companies, even if it’s not common for them to be operating six companies…
It might be interesting to create structures for more shareholder oversight over executive pay.
I’m probably far less concerned about executive pay in general than a number of people here, but my understanding is that in Musk’s case, there have been real questions about the board’s independence.
And Musk has had what I’d call some real errors. I am pretty skeptical about his high profile politicking being good for Tesla. Even if he wanted to support Trump, he certainly did not need to become the face of DOGE or be personally doing his $1m lotteries for voting. The Cybertruck flopped.
And he’s not doing Tesla as a full-time job. He’s also CEO, chairman, and CTO of SpaceX.
It’s also not clear to me that even if he can grow an early stage company, that he’s great at dealing with a mature one. Tesla has the largest market cap of any automaker in the world by a large margin. They aren’t a startup any more.
https://companiesmarketcap.com/automakers/largest-automakers-by-market-cap/
I’m dubious that Tesla couldn’t obtain a CEO who could do at least as effective a job for far less pay.
I reckon I could do that job more effectively than Musk, and I’m a fucking idiot with regards to business. I’d do it for a mere two million dollars a year.
I’d do it for $100k a year, because it would remove Musk from power in that particular place and save people from harassment while I could comfortably live off the wage.
Don’t sell yourself short, my friend.
Thank you for your vote of confidence!
But nah, for those 1-3 hours daily that Musk can alot to that specific task, $100k per year would be ok for me.
Hell, I could do nothing and just let the engineers do their job and I’d be by orders of magnitude better than that lunatic.
I would agree. You could probably designate a chimp as CEO, make sure they are hidden away, and let the rest of the company operate as needed.
Isn’t he supposedly operating six companies? Tesla, SpaceX, xAI, The Boring Company, Neuralink, and X?
Every time I hear some apologist for the extremist position of executive pay that we are operating under, I now think of this guy. In at least his case, it’s clearly a part-time job for one or more of these companies.
Oddly, most companies frown on the average worker doing any moonlighting. They want you exclusively working for one company, at least for white-collar jobs. Doesn’t seem to apply to executives, since it’s fairly common for them to also sit on the boards of other companies, even if it’s not common for them to be operating six companies…