Elon Musk heads to court over Tesla pay that made him the world’s richest person

[Scott]

 

Tesla and CEO Elon Musk will spend this week in court to defend the massive compensation package that helped make him the world’s richest man.

The week-long trial in Delaware Court of Chancery will examine the 2018 compensation plan that the automaker’s board of directors created for Musk. The automaker said at the time it could be worth nearly $56 billion, making it the largest compensation package for anyone on Earth from a publicly traded company, and the net value today is $50.9 billion.

https://www.cnn.com/2022/11/13/business/elon-musk-court-pay/index.html

 

 

[thaibeachlovers]

Does anyone else think that perhaps those cars had too much profit built into the price?

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On 11/14/2022 at 4:17 AM, thaibeachlovers said:

Does anyone else think that perhaps those cars had too much profit built into the price?

In a free market system, the way to know if a price is too high is if the company can make a profit on their product. So anybody who thinks Tesla is charging too much must be some kind of Marxist.

[jingjai9]

Is it really a free market system when lobbies are so powerful and the market in almost every sector is monopolized?

Do large corporations pay their fair of taxes?

Is the charity-industrial complex truly to help the poor or is it a way to manipulate the tax system? Yes, the large corporations give away money, but is it an act of charity or a means to avoid taxes and reap other benefits?

 

You can appreciate Marx' critique of capitalism without necessarily subscribing to his solutions for improving societies. You can be a critic of the current system without being anti-capitalist.

 

If we are striving for a capitalist economy, then let's have it. Currently we are certainly not experiencing capitalism the way Adam Smith envisioned it. We are living in a time when global capitalism is evolving into a plutocracy. Many social critics see the international trade agreements as a symptom of this world-wide transition.

 

 

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41 minutes ago, jingjai9 said:

Is it really a free market system when lobbies are so powerful and the market in almost every sector is monopolized?

Do large corporations pay their fair of taxes?

Is the charity-industrial complex truly to help the poor or is it a way to manipulate the tax system? Yes, the large corporations give away money, but is it an act of charity or a means to avoid taxes and reap other benefits?

 

You can appreciate Marx' critique of capitalism without necessarily subscribing to his solutions for improving societies. You can be a critic of the current system without being anti-capitalist.

 

If we are striving for a capitalist economy, then let's have it. Currently we are certainly not experiencing capitalism the way Adam Smith envisioned it. We are living in a time when global capitalism is evolving into a plutocracy. Many social critics see the international trade agreements as a symptom of this world-wide transition.

 

 

In support of that, corporate profits as a percentage of the economy have been steadily rising over the last few decades. This is probably due to their increasing monopolistic power. Antitrust enforcement needs to be made a lot stronger. Under the previous administration in the USA, antitrust actions dropped by 2/3.

[ozimoron]

Musk is the best argument for taxing the rich. He lost me after he sent a car into space. I feel vindicated. This man is scum,

[herfiehandbag]

The courts will probe the smoke swirling around Elon Musk's financial affairs, and find mirrors!

[Bluespunk]

On 11/14/2022 at 12:17 AM, thaibeachlovers said:

Does anyone else think that perhaps those cars had too much profit built into the price?

Not really, no. 

[ozimoron]

On 11/14/2022 at 4:17 AM, thaibeachlovers said:

Does anyone else think that perhaps those cars had too much profit built into the price?

No, if that were the case they wouldn't sell any. There are alternatives.