Elon Musk has set himself zero salary

24 January 2018

But from the billions he will not give up

Today, Tesla is considered one of the most revolutionary companies in the world, and its head Elon musk (Elon Musk) worship no less than Steve jobs (one of the founders and Executive Director of the Apple) at the time. Now Musk has decided to adopt jobs another trick: he refused to pay.

At the end of 2009 all payments to Steve jobs as CEO of Apple was one dollar (the extra was only covered the cost of the flights with their own aircraft, but there were some "pennies" — about $ 4,000). Elon Musk went even further in the coming years he's going to work for Tesla for $ 0. Formally, now, any working person can say that he gets more than Elon musk.

It becomes immediately obvious that here something not so. Of course, Musk is already one of the richest men in the world: his fortune exceeding $ 20 billion. And although the leaders of the Forbes list is still quite far (recently, Amazon founder Jeff Bezos once "punched" a mark in 100 billion), this amount can comfortably exist for the rest of my life, and even grandchildren will remain.

Of course, in this fraud, a trick. Elon Musk will receive bonuses, but only when the "Tesla" of certain financial goals in terms of capitalization, revenue and net profit. A key indicator will be the market value of the company. Now she 58.6 billion. Next goal is 100 billion. Then Musk will receive a substantial fee if you increase the capitalization by another 50 billion. And so to the fabulous 650 billion dollars!

This plan seems unrealistic: today, the most expensive car company, and Toyota is worth 202 billion. Around 500 billion and is higher among publicly traded companies there are only representatives of the IT sector: Apple, Google, Microsoft and Amazon the same. But Musk believes that within ten years the Tesla will cost even more — a trillion dollars.

Mr. "Iron man" (so called Mask because of his resemblance to Tony stark, the character Robert Downey Jr. from the movie and comics) will receive a stock award of the "Tesla". Eventually he will get 8% securities, while the target capitalisation of 650 billion they cost $ 55.8 billion by the Way, today Musk is already the largest shareholder of Tesla.

Journal of The New York Times has called the plan "the boldest corporate history." But let's be honest: a few years ago, even the wildest optimists couldn't even imagine what Tesla will be worth 58 billion dollars. For example, in 2013 its market capitalization was only 4 billion And since then she has released Model S, which to this day is the most popular electric car Tesla.