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This comment seems really confused. It seems like you think Musk is “the richest human” in terms of liquid cash, and that that abundance of liquidity came from

This comment seems really confused. It seems like you think Musk is “the richest human” in terms of liquid cash, and that that abundance of liquidity came from Tesla profits that could have been divvied up among the employees. Is that right?

jakelazaroff 6y ago
No, I assume a significant amount is Tesla stock. Which could be used as compensation for workers, if Elon weren’t threatening to withhold it to prevent them from unionizing.
- sjwright 6y ago
  That makes no sense. Elon's Tesla stock isn't Tesla's to give away to its employees.
  - jakelazaroff 6y ago
    Tesla regularly compensates Elon with stock. In 2018, for example, Tesla gave him options valued at $2.282 billion — with a “b” [1]. That’s over four million percent more than the median employee’s total compensation. But he’d rather union bust than be a slightly less rich centibillionaire. [1] https://www.nytimes.com/interactive/2019/business/highest-paid-ceos-2018.html https://www.nytimes.com/interactive/2019/business/highest-pa...
    - sjwright 6y ago
      That's a non sequitur. What you have cited isn't Tesla giving its employees Elon's Tesla shares. Yes, Tesla did offer Elon share options. He still has to pay for them with his own money. The reason why these options are lucrative is precisely because the company (funded substantially by Elon placing his own wealth on the line) has risen under his stewardship. Great, so bring a union in. Maybe median wages will briefly jump 10% or so in response to threats. Within five years the median wage probably won't be any higher. Probably lower if union action rattles investor confidence and Tesla's access to capital shrinks, leading to less future investment, in turn leading to less profit and fewer jobs at the company. With all this talk of bringing in a bloated Detroit union bureaucracy into Fremont, you might as well plead with Tesla to focus less on US manufacturing over the next decade. Yay, everyone wins!
      - jakelazaroff 6y ago
        Contrary to your initial comment, it really seems like you have a problem with unions (also, respectfully, you may want to look up what “non sequitur” means). This discussion clearly isn’t going anywhere, so I’m ducking out. Have a nice day!

jakelazaroff 6y ago

No, I assume a significant amount is Tesla stock. Which could be used as compensation for workers, if Elon weren’t threatening to withhold it to prevent them from unionizing.

sjwright 6y ago
That makes no sense. Elon's Tesla stock isn't Tesla's to give away to its employees.
- jakelazaroff 6y ago
  Tesla regularly compensates Elon with stock. In 2018, for example, Tesla gave him options valued at $2.282 billion — with a “b” [1]. That’s over four million percent more than the median employee’s total compensation. But he’d rather union bust than be a slightly less rich centibillionaire. [1] https://www.nytimes.com/interactive/2019/business/highest-paid-ceos-2018.html https://www.nytimes.com/interactive/2019/business/highest-pa...
  - sjwright 6y ago
    That's a non sequitur. What you have cited isn't Tesla giving its employees Elon's Tesla shares. Yes, Tesla did offer Elon share options. He still has to pay for them with his own money. The reason why these options are lucrative is precisely because the company (funded substantially by Elon placing his own wealth on the line) has risen under his stewardship. Great, so bring a union in. Maybe median wages will briefly jump 10% or so in response to threats. Within five years the median wage probably won't be any higher. Probably lower if union action rattles investor confidence and Tesla's access to capital shrinks, leading to less future investment, in turn leading to less profit and fewer jobs at the company. With all this talk of bringing in a bloated Detroit union bureaucracy into Fremont, you might as well plead with Tesla to focus less on US manufacturing over the next decade. Yay, everyone wins!
    - jakelazaroff 6y ago
      Contrary to your initial comment, it really seems like you have a problem with unions (also, respectfully, you may want to look up what “non sequitur” means). This discussion clearly isn’t going anywhere, so I’m ducking out. Have a nice day!