this post was submitted on 31 Jan 2024
183 points (93.0% liked)

Technology

59495 readers
3110 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS
 

Tesla shares slide after judge voids Elon Musk's $56 billion compensation::The compensation package the Tesla board gave CEO Elon Musk set a record for publicly traded corporations, a Delaware judge noted in her ruling.

you are viewing a single comment's thread
view the rest of the comments
[–] TallonMetroid@lemmy.world 18 points 9 months ago (1 children)

Defendants also argue that Musk needed additional incentives to stay on at Tesla or he would spend more time at SpaceX, where he could fulfill his galactic ambitions to establish interplanetary travel, colonize Mars, and potentially earn more money in the meantime.

Not like he even actually does anything at Tesla anyway, between all the people they've got to babysit him and his spending all his time shit posting on Twitter.

[–] gravitas_deficiency@sh.itjust.works 14 points 9 months ago (1 children)

If a person can be the CEO of multiple companies, but normal humans aren’t generally allowed to hold two of the same job “because it means we’re not giving either job our full focus”, then it stands to reason that the job of CEO doesn’t require anything approaching the full focus of a human, and thus they are being overpaid by multiple orders of magnitude.

But we already knew all that.

[–] Corkyskog@sh.itjust.works 4 points 9 months ago

It's not uncommon for a CEO to sit on other boards or multiple of them. I really never saw how C class positions were as demanding as people revered them to be.