Musk is not getting billions worth salary. You can’t hire 500,000 people using his package. Unless you believe that these workers should be eating shares instead of food.
You can offer shares to employees to supplement salary, its very common. It could be used to attract or retain staff by offering less salary but a larger overall package than their rivals and tie in the employees for a period of time till the shares vest.
I’ve read that all they’re doing is diluting the current shares, so in essence the current shareholders are screwing themselves over by devaluing their own shares.
Musk is not getting billions worth salary. You can’t hire 500,000 people using his package. Unless you believe that these workers should be eating shares instead of food.
Once the shares vest then he can get the money. The point still stands, just not immediately.
The point doesn’t stand, because you can’t get 500,000 people.
You can offer shares to employees to supplement salary, its very common. It could be used to attract or retain staff by offering less salary but a larger overall package than their rivals and tie in the employees for a period of time till the shares vest.
Yeah, but not 500,000 of them.
I’ve read that all they’re doing is diluting the current shares, so in essence the current shareholders are screwing themselves over by devaluing their own shares.
Pretty dumb
Even if the shares drop by 90% of their value after distribution and liquidation, that’s still 50,000 people you could pay 100,000.
Lol, ook.