Technology

59207 readers

2939 users here now

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

Our Rules

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

Approved Bots

founded 1 year ago

MODERATORS

[email protected]

193

Elon Musk’s $56bn Tesla pay package is too much, judge rules (www.theguardian.com)

submitted 9 months ago by [email protected] to c/[email protected]

17 comments fedilink hide all child comments

Elon Musk’s $56bn Tesla pay package is too much, judge rules::Judge ruled his pay – six times larger than the combined pay of the 200 highest-paid executives in 2021 – was set inappropriately

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 38 points 9 months ago (2 children)

I just read 1 article and didn’t dig too much deeper

Over the last 4 years Tesla has laid off about 13,000 workers. If each had a $100K salary the cost to pay them all would be $1.3B.

So his one pay package could’ve paid all of those 13,000 people for years.

[–] [email protected] 4 points 9 months ago* (last edited 9 months ago)

Musk testified during the compensation trial in November 2022 that the money would be used to finance interplanetary travel.

“It’s a way to get humanity to Mars,” he testified. “So Tesla can assist in potentially achieving that.“

Yeah but you're not thinking of the BIG picture here, the very realistic goal of terraforming Mars and leaving all those poor sods behind.