this post was submitted on 04 Nov 2025
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[–] tal@lemmy.today 53 points 18 hours ago* (last edited 18 hours ago) (4 children)

From what I have read, he's still likely to be able to line up enough votes to get his $1 trillion pay package (and the associated voting rights), despite a lot of major institutional investors being in opposition. But we'll see when the vote goes though.

I think that Tesla can probably get a more-effective CEO for less money, personally. Even if he leaves as CEO, he still owns 15% of Tesla and is fabulously wealthy as a result. I don't feel like he's getting a bad deal.

I do think that there are some arguments that the SEC should pass some regulation to help ensure board-CEO independence; part of the issue is that the board, which is supposed to oversee Musk, has been considered to be acting on his behalf by quite a few people. I don't think that it will happen under the present administration, though.

[–] Lemmyoutofhere@lemmy.ca 19 points 14 hours ago (1 children)

Slime mould would be a better CEO.

[–] angrystego@lemmy.world 2 points 2 hours ago

Slime mould is pretty cool in general!

[–] Bronzebeard@lemmy.zip 28 points 16 hours ago (1 children)

He wants the bragging rights. It's just a game at these numbers

[–] neukenindekeuken@sh.itjust.works 8 points 12 hours ago

1 Trillion % this.

[–] FreedomAdvocate@lemmy.net.au -2 points 8 hours ago (1 children)

I think that Tesla can probably get a more-effective CEO for less money, personally.

Musk takes $0 pay as CEO other than these post-performance-goal-hit pay packets though. Good luck finding another CEO who will work for free for 5+ years.

[–] CileTheSane@lemmy.ca 1 points 2 hours ago

I'll happily do it for $1 million a year and do a hell of a lot better than musk. Considering the difference between $1 trillion and $1 million is pretty much $1 trillion I'm basically working for free.

[–] someguy3@lemmy.world 5 points 17 hours ago* (last edited 10 hours ago)

Effective yes, but uh what's the wording image-that-props-up-crazy-valuation no.