BusinessPostCorner.com
No Result
View All Result
Wednesday, June 18, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Is Elon Musk worth his £44bn Tesla pay package?

June 14, 2024
in Business
Reading Time: 2 mins read
A A
0
Is Elon Musk worth his £44bn Tesla pay package?
ShareShareShareShareShare

Though shareholders backed Mr Musk’s pay package, legal experts say it is not clear if the court that blocked the deal will accept the re-vote and allow the company to restore his pay.

But former Tesla backer Steve Westly told the BBC earlier this year keeping Musk is not a necessity.

“Elon is a unique visionary …but I don’t know if that means he’s essential to be running any or all of those companies today,” he said.

“No one stays on top forever, especially when you’re trying to lead seven companies at once.”

And for all the successes under Mr Musk, there have also been failures.

For years Tesla didn’t make a profit at all, then a tweet about the company becoming private caused financial chaos, ending in an investigation by regulators resulting in him standing down as CEO.

I’ve spoken to two former employees who claim that speaking out about safety concerns at Tesla cost them both their jobs and their professional reputations.

Tesla nearly went bankrupt. Not all SpaceX rocket launches work and each failure costs the company millions of dollars. The Neuralink chip started to malfunction shortly after it was implanted, though this has since been fixed.

Mr Musk recently claimed that Starlink has now broken even financially – but Bloomberg published a report suggesting that he had underplayed the huge cost of launching its satellite network infrastructure.

But the US has a different view about risky businesses.

“The US market is not only huge, but also more predisposed to taking big shots,” Mustafa Suleyman, who co-founded Google DeepMind and has just joined Microsoft, told the BBC.

The UK could do with being “more tolerant and more celebratory of failures,” he added.

If Mr Musk has been bruised by failure, he doesn’t show it. He is outwardly loud, dominant and defiant.

He says today that he has sent a cake to Delaware, which tried to block his $56bn Tesla pay deal.

It is emblazoned with his favourite phrase “vox populei, vox dei” – the voice of the people is the voice of God.

Additional reporting by Dearbail Jordan.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Apple sued by female employees who say it pays women less

Next Post

UK expats throw shade on the Tories under the Spanish sun

Next Post
UK expats throw shade on the Tories under the Spanish sun

UK expats throw shade on the Tories under the Spanish sun

Tehran’s residents left reeling after Israeli strikes

Tehran’s residents left reeling after Israeli strikes

June 13, 2025
Master the art of going viral on LinkedIn with Hala Taha’s four-step formula

Master the art of going viral on LinkedIn with Hala Taha’s four-step formula

June 17, 2025
Why the CHRO of IBM says she always asks new hires to talk about a time they’ve failed

Why the CHRO of IBM says she always asks new hires to talk about a time they’ve failed

June 17, 2025
Port of LA imports fell nearly 20% in May, and it may mean higher prices and fewer choices on back-to-school and Halloween items

Port of LA imports fell nearly 20% in May, and it may mean higher prices and fewer choices on back-to-school and Halloween items

June 16, 2025
Trash AI Content, Experimental Budgets, and TikTok for B2B: Ross Simmonds Unfiltered

Trash AI Content, Experimental Budgets, and TikTok for B2B: Ross Simmonds Unfiltered

June 16, 2025
Venice is set to host Jeff Bezos and Lauren Sanchez’s fairytale wedding—but residents aren’t feeling the love

Venice is set to host Jeff Bezos and Lauren Sanchez’s fairytale wedding—but residents aren’t feeling the love

June 14, 2025
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

Insurance prices jump for ships travelling through Strait of Hormuz

Insurance prices jump for ships travelling through Strait of Hormuz

June 18, 2025
Wall Street Coming Onchain as JPMorgan Launches First Banking Token JPMD on Base

Wall Street Coming Onchain as JPMorgan Launches First Banking Token JPMD on Base

June 18, 2025

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!