Elon Musk Secures Record Shattering $56 Billion Pay Package

BREAKING: Tesla shareholders just voted to give Elon Musk $56 billion.

This outrageous pay package is over $55 billion more than the CEO of Google gets.

The vote allows Musk to further enrich himself, even as Tesla falters as a company and fires thousands of workers.
-----
More Perfect Union’s mission is to build power for working people. Here’s what that means:

We report on the real struggles and challenges of the working class from a working-class perspective, and we attempt to connect those problems to potential solutions.

We report on the abuses and wrongdoing of corporate power, and we seek to hold accountable the ultra-rich who have too much power over America’s political and economic systems.

We're an independent, nonprofit newsroom. To support our work:

[RKZX]

It's billionaires who are the biggest welfare queens, not people on welfare, food stamps or unemployment.

[zombiebullshark]

Being a billionaire didn't just become a bad thing. It never used to be a thing. It became a bad thing when it became a thing

[AkiVainio]

It's weird how billionaires need these incentives but the rest of us don't...

[erikwsince]

Greed at this level should actually be criminal.

[tonyiommisg]

Why’d they have to layoff so many employees if they can afford this payout. Failing upward as usual, fucking needs to be illegal.

[jeffreycheng]

Meanwhile...The billionaires and politicians are freaking out because the slaves are not reproducing.

[vinrock]

Billionaires should not exist. The real problem with the world is too few with too much and too many without enough.

[douglasboyle]

"Fundamentally undermine the integrity of Corporate Governance"? We're well past that point, I didn't realize there was ANY integrity in corporate governance.

[dontcare]

Nobody is worth that.
Definitely can't spend it all, ever.

[wdentondouglas]

Fine, as long as we tax like we did before Reagan.

[Yormsane]

There should be a tax rate of 99% for billionaires. He's already pocketed enough to get by on.

[qtnqxlm]

Really cool Tesla truck?.... I saw one of those on the road the other day and they are God awful ugly

[ziltoidtheomniscient]

Humans actually need so little to be happy and healthy. It's sick we allow people to exploit others this much in an era past ruling monarchies

[johnnydoe]

$56 Billion Package for Tweeting
Cringe Memes all Day. 🤣🤣

[Markleford]

It's as if CEOs really don't do much of the actual work, such that they can do the same minimal effort for three companies simultaneously.

[reed]

Please cover Lifestance's national takeover of hundreds of therapy clinics. They're backed by private equity and recently took away my mental health care. Their IPO announcement said they'd use funds to repay indebtedness.

[Mariaamelia-hv]

Appreciate your videos! I’m 54 and younger generations should know there’s no shortcut to acquiring wealth, but there are ways to go about it. Fellow millionaires don’t tell the poor/middle class they need the knowledge of finance coaches to help build their wealth. If anyone here needs a good coach, here’s it..

[Hihere]

If Elon instead gets 1 billion dollars as his pay package and the rest is distributed among all employees of the company, every employees compensation would go up $400k

[finchharper]

No one deserves $56 Billion, especially a company that letting tons of employees go.

[matthewcaldwell]

The unasked question is why the fuck NY pension funds would invest in such an obviously overvalued and increasingly volatile company to begin with. Seriously, did we learn nothing from the 2008 crash?