56 billion dollars, the price of the unspeakable “suffering” of Elon Musk

Such remuneration is quite simply unheard of in the history of capitalism: 56 billion dollars in shares. This amount is equivalent, within a hair’s breadth, to all the dividends paid by the CAC 40 in 2021, which was already a record. That year, Peter Kern, boss of Expedia, was the best paid in the world with 296 million dollars, when, in France, the emoluments of Carlos Tavares, CEO of Stellantis, reached 19 million euros.

Admittedly, these 56 billion represent four bonus years for Elon Musk as CEO of Tesla. But, for his company, this sum represents more than a year of turnover. In other words, for every Tesla car sold, at an average of $63,000, 30%, or $19,000, goes directly into Musk’s pocket!

It should be noted, moreover, that the richest man in the world is not the full-time CEO of Tesla, since he also heads the space company SpaceX, Starlink and its satellites, Neuralink, which aims to increase the brain by computer. human, and, more recently, the social network Twitter.

Pity the judge

A (sole) Tesla shareholder disagreed with this compensation plan and sued the group’s board of directors in commercial court in Delaware, the US tax haven with more corporate headquarters. than inhabitants. He is asking that this plan be canceled and that the shares awarded under it be returned to Tesla.

At the helm, the CEO and the members of the executive board followed one another to pity the judge. One of them even recalled that Musk had to celebrate one of his birthdays at his workplace because he was working so hard. “The amount of suffering that I experienced, no words can express it”, added the main interested party, before justifying his hoard by the fact that he needed a lot of funds to finance the trips to Mars , and to make possible “multi-planetary life in order to ensure the long-term survival of humanity”. The judge agrees several months before rendering her verdict.

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