Been A Minute… Since I’ve Said Anything About Musk — And His Supposed Pay…

But tonight is that night.

I’ve waited — to see if the shareholders would act rationally. They have not.

On the other hand (and this is really only a tiny silver lining!) if — IF — the board insists that he must objectively meet the stretch goals laid out, in order to see a full payout… it is highly unlikely he will earn anything near even 10% of the trillion, over the life of the contract.

The danger, as ever, though — is will they go limp, and waive some of the performance standards adopted today, in a few more years?

To be certain, this sets a “stoopid” precedent, as well.

However, no other CEO is as identified with — or as deeply “in the money” as an investor, at the same time as being such a large stakeholder — at any other public company on this scale. So, not too many others could ask for this pay with a straight face.

But Musk did — impliedly threatening to quit, and begin to sell his vast hoard… wiping billions and billions off of Wall Street’s balance sheets, in a blink.

But objectively speaking, his performance over the past three years has more closely mirrored the Intel CEO’s. As we see… in 2023, he took a substantial pay cut, as did his team.

That’s leadership. You may say he was already making too much at Intel… but his example makes Musk’s money grubbing, when he already holds about $340 billion in net worth… look very very unseemly.

Whatever. I sold all my Tesla in 2014.

I will never put money behind him, or his vehicles — even though they are mechanically very fine examples of engineering.

On principle — the malign spectrum disorder dude ought to be… shunned.

If you are still invested in Tesla… sell. Sell now.

It may go up (temporarily, for a while) from here — but this whole dumb show is…eventually, going to fall apart, and end rather badly — for all still involved, today.

And that’s even before the X-itter epilogue unfolds. Condor… told ya’ right here. Remember that.

Onward.

नमस्ते