Charlie got 29 mil for 2024 something is wrong
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Interesting development. WF shareholders should follow suit (no pun).
A Delaware judge on Tuesday ruled that Elon Musk’s generous 2018 compensation package, which helped make the tech entrepreneur the world’s richest person, was unfair and should be undone.
The $56 billion package, advanced by shareholders and Tesla’s board, entitled Musk to stock options in the company as it hit specific performance targets. Shareholders sued Musk, alleging the process that led to the package was improper.
“The defendants proved that Musk was uniquely motivated by ambitious goals and that Tesla desperately needed Musk to succeed in its next stage of development,"
If CS couldn’t raise the WF stock price, get us out of Asset Cap or bring the company to become more efficient (CS words - “We are not efficient”), should he be getting an inconsistently meets? 18 percent raise for an inconsistent meets doesn’t seem right to me?
Wasn’t that 29 number what he made in 2023? So technically last year’s raise?
🤬🤬🤬🤬
He takes some million dollars off his annual salary, however; he does not cite how much he made from the stock market.
Keep in mind that all board members have to own a large amount of stocks to have such influence for the company as it's a public traded company so the CEO stock normally pulls in five to six times more than the annual salary of said CEO.
This is why senior leadership always says they have to do hard decisions to do what is best for the stakeholders as they are the primary stakeholders
A couple bucks for everyone he laid off or drove out.
Yup. And water is wet. I’m so tired of this $#it, I can’t even complain anymore.
McKinsey Consulting responsible for CEO megapay trend. Look it up. (Even wrote book about it.)
America, as a whole is totally effed up with what is going on with corporations and layoffs for real. When you get rid of middle America, you get rid of all of America, so I’m on my way out!
I think another poster is right with McKinsey running this company right now, not CS!
Look it up!
And don’t back down if your lifer, because we are for sure going to get paid in that billion dollars of severance!
Yep but they can't afford all the experienced people they laidoff. Really don't know how these execs can sleep at night. They have no heart or head for that matter.
I get the top of the food chain is paid more, but dang.....and he has the ba--s to only give us boots on the ground 1%!!!
Capitalism at it's finest.