"Yesterday, the news broke that Elon Musk is going to be the first trillionaire in the world. What does that mean, and what's that about? If that is the only thing that has value anymore, then we're in big trouble,"
"To me, the plan is super ambitious, and that is what motivates Elon,"
"if he doesn't achieve the goals."
Pope Leo XIV criticized massive corporate compensation deals as fueling growing wealth inequality and contrasted CEO pay ratios over time. He said CEOs earned four to six times worker pay 60 years ago but now earn about 600 times more. He called Elon Musk potentially becoming the first trillionaire alarming and emblematic of misplaced values. Tesla's board proposed a $1 trillion package tied to ambitious operational milestones, including boosting valuation to $8.5 trillion, selling about 12 million cars over the next decade, and deploying one million robotaxis. Tesla Chair Robyn Denholm said the package is designed to keep Musk focused and that Musk gets nothing if benchmarks are not met. Shareholders will vote on the proposal.
Read at Business Insider
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