this post was submitted on 01 Feb 2024
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United States | News & Politics

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Elon Musk suffered one of the biggest legal losses in U.S. history this week when the Tesla CEO was stripped of his $56 billion pay package in a case brought by an unlikely opponent, a former heavy metal drummer.

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[–] YurkshireLad@lemmy.ca 21 points 9 months ago (2 children)

Anyone who thinks they deserve $56B compensation as CEO should never be allowed to be a CEO.

[–] Stillhart@lemm.ee 4 points 9 months ago

I'd say people in that position need that sort of confidence to do their job well. But that's why there's a board of directors: to reign in that ridiculous CEO overconfidence. Musk is the headline because he makes headlines but the real fuckers here are the board who though "sure, $56 billion dollars seems reasonable".

Note: my Tesla was in the shop for ELEVEN months waiting for spare fucking parts from Tesla. I wonder how many they could have made with $56 billion...

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

They were/are paying it so far though, that's what's crazy too.