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Norway’s mega wealth fund to reject Elon Musk’s $1 trillion Tesla pay package (www.cnbc.com)
submitted 1 year ago by to c/technology@lemmy.world
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[–] 14 points 1 year ago (3 children)

This is moot. Musk has never met a milestone once, and if he doesn't meet milestones, he gets jack shit.

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  • [–] 18 points 1 year ago (2 children)

    The reason his last pay package of 50 billion was awarded to him is because he met the milestones for that. It was a similar deal to this one where they set top end milestones that everyone felt were ridiculous and they’d never hit them. Mostly stock targets IIRC.

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  • [–] 2 points 1 year ago (1 child)

    Those were lowball milestones. He actually has to generate real money this time.

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  • [–] 8 points 1 year ago

    Quit rewriting history, those were absolutely not lowball milestones.

    If Mr. Musk were somehow to increase the value of Tesla to $650 billion — a figure many experts would contend is laughably impossible and would make Tesla one of the five largest companies in the United States, based on current valuations — his stock award could be worth as much as $55 billion

    That is a quote from this contemporary article: https://www.cnbc.com/2018/01/23/teslas-pay-deal-to-keep-elon-musk-all-or-nothing.html

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