• Aux@lemmy.world
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    5 months ago

    Musk is not getting billions worth salary. You can’t hire 500,000 people using his package. Unless you believe that these workers should be eating shares instead of food.

    • asdfasdfasdf@lemmy.world
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      5 months ago

      Once the shares vest then he can get the money. The point still stands, just not immediately.

      • Aux@lemmy.world
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        5 months ago

        The point doesn’t stand, because you can’t get 500,000 people.

    • tankplanker@lemmy.world
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      5 months ago

      You can offer shares to employees to supplement salary, its very common. It could be used to attract or retain staff by offering less salary but a larger overall package than their rivals and tie in the employees for a period of time till the shares vest.

    • PersnickityPenguin@lemm.ee
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      5 months ago

      I’ve read that all they’re doing is diluting the current shares, so in essence the current shareholders are screwing themselves over by devaluing their own shares.

      Pretty dumb

    • Venator@lemmy.nz
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      5 months ago

      It’s still incredibly stupid to dilute your own votes and give him more votes…

      They could also sell shares to raise money to hire more people…

    • MataVatnik@lemmy.world
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      5 months ago

      Even if the shares drop by 90% of their value after distribution and liquidation, that’s still 50,000 people you could pay 100,000.