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Elon Musk Willing To Forgo $1 Trillion Pay Deal if Shareholders Tell Him They Think He Is Cool (theshovel.com.au)

submitted 1 week ago* (last edited 1 week ago) by ZeroCool@lemmy.ca to c/theonion@midwest.social

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[–] UnderpantsWeevil@lemmy.world 5 points 1 week ago (1 children)

The sales targets for Elon's $1T payday are so astronomical and they've been set up in the face of enormous headwinds.

Certainly possible Elon uses the promise of a future payment as leverage on new loans, so he can continue debt-financing his billionaire lifestyle. But like so much else, this is promising you $$$ on Tuesday for a cheeseburger today. The board rubber stamped a check they have no intention of seeing cashed.

[–] AlecSadler@lemmy.blahaj.zone 2 points 1 week ago

I had read they can overrule the requirements though?