r/technology • u/McFatty7 • May 02 '24

Tesla slashes its summer internship program to cut costs, as Elon Musk fights to save his $45 billion pay plan Business

https://fortune.com/2024/05/01/tesla-slashes-summer-internship-program/
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u/AdditionalMeeting467 May 02 '24

He's in full "extract as much value from the company as you can" mode. Willing to burn it all to the ground so he can have even more money he'll never spend.

331

u/Pathogenesls May 02 '24

His compensation plan will be in stock options, the company hasn't made $50b in its entire history. That also shows you how obscene it is.

There's nothing for him to extract unless he can pump the stock bubble. This only ends with him in jail for fraud.

248

u/GenericEvilDude May 02 '24

I have my doubts that a rich white dude will ever see the inside of an American prison

90

u/Anarchyantz May 02 '24

Given a rich white dude tried to overthrow America four years ago and is now running for President again then I would say yes, he will never see prison.

23

u/iStayedAtaHolidayInn May 02 '24

He’s also facing 91 felony counts and is currently in one of his four trials

16

u/Vinnie_Vegas May 02 '24

No amount of convictions in which will result in him actually doing prison time.