No. of Recommendations: 17
straitstimes.com - Musk hijacks tesla earnings call to pitch trillion pay plan“Mr Elon Musk, the world’s richest person, spent the end of Tesla’s earnings call pleading with investors to ratify his upcoming US$1 trillion pay package”It's great to see corporate earnings calls being used for their proper purpose and not for the personal benefit of the CEO.
A $1000,0000,0000,000 CEO pay deal for a company with a market cap under $1400,000,000,000... seems slightly generous, perhaps even a little extravagant.
Musk mentions his concern that he might go insane. Considering this remarkable quote from the earnings call, I understand his concern:
"I just don’t feel comfortable building a robot army here"Why is this company trading at a record high?
Given the behaviour and demands of the CEO, Tesla’s price should drop so low that it could access rare earths directly from the planet’s volcanic core.
TRS
