CEO Elon Musk has told Tesla shareholders that they can either sign off on a $1 trillion pay packet or agree to say in public that he is a funny, cool guy.
The sales targets for Elon’s $1T payday are so astronomical and they’ve been set up in the face of enormous headwinds.
Certainly possible Elon uses the promise of a future payment as leverage on new loans, so he can continue debt-financing his billionaire lifestyle. But like so much else, this is promising you $$$ on Tuesday for a cheeseburger today. The board rubber stamped a check they have no intention of seeing cashed.
The sales targets for Elon’s $1T payday are so astronomical and they’ve been set up in the face of enormous headwinds.
Certainly possible Elon uses the promise of a future payment as leverage on new loans, so he can continue debt-financing his billionaire lifestyle. But like so much else, this is promising you $$$ on Tuesday for a cheeseburger today. The board rubber stamped a check they have no intention of seeing cashed.
I had read they can overrule the requirements though?