this post was submitted on 04 Nov 2025
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[–] tal@lemmy.today 55 points 1 week ago* (last edited 1 week ago) (3 children)

From what I have read, he's still likely to be able to line up enough votes to get his $1 trillion pay package (and the associated voting rights), despite a lot of major institutional investors being in opposition. But we'll see when the vote goes though.

I think that Tesla can probably get a more-effective CEO for less money, personally. Even if he leaves as CEO, he still owns 15% of Tesla and is fabulously wealthy as a result. I don't feel like he's getting a bad deal.

I do think that there are some arguments that the SEC should pass some regulation to help ensure board-CEO independence; part of the issue is that the board, which is supposed to oversee Musk, has been considered to be acting on his behalf by quite a few people. I don't think that it will happen under the present administration, though.

[–] Bronzebeard@lemmy.zip 30 points 1 week ago (1 children)

He wants the bragging rights. It's just a game at these numbers

1 Trillion % this.

[–] Lemmyoutofhere@lemmy.ca 22 points 1 week ago (1 children)

Slime mould would be a better CEO.

[–] angrystego@lemmy.world 3 points 1 week ago

Slime mould is pretty cool in general!

[–] someguy3@lemmy.world 4 points 1 week ago* (last edited 1 week ago)

Effective yes, but uh what's the wording image-that-props-up-crazy-valuation no.