In his efforts to retain Elon Musk, Tesla has found a formula to motivate him to follow as CEO: 29,000 million dollars

Tesla has approved a New Actions Package For Elon Musk valued at approximately 29,000 million dollars According to the market value. The new remuneration plan to the CEO of Tesla has, as the sole objective of binding the chair of executive director, at least In the next two years. The measure arrives at a time when the company’s actions seem to have stabilized after successive political earthquakes caused by Musk, who have shaken the confidence of investors. This tense calm has led to Tesla seeking to ensure the permanence of Elon Musk in front, with a new temporary agreement that, as They stood out in Financial Timesmove away from conventional ones Bonds by objectives of the CEO Of the big companies and seems to be more an incentive for Musk to change their attitude and focus on their work in Tesla. 29,000 million in exchange for behaving well The new incentive package, valued in about 29,000 is, in reality, A temporary solution. The previous Musk remuneration bonus approved in 2018 for more than 56,000 million dollars was blocked up to twice by a delaware court before the complaint of a Tesla shareholder who He considered it excessive. The court He proved him. That is, Elon Musk would have been working since 2018 in exchange for a symbolic salary to which the law forces (about $ 56,000 a year, According to the accounts presented by Tesla) to which the CEO resigned, since it could not collect the incentive bonus it did. With this new remuneration package, Tesla seeks a way to compensate Musk for the work of the last seven years, while unlocking his previous compensation. If you finally unlock Your 2018 bonus, This package will be canceled and will only receive the 56,000 million dollars that he had already achieved. The package approved by Tesla gives Musk 96 million restricted shares that may be exercised with a fixed price of $ 23.34 per share, well below the current market prices that are around $ 300 per share. In order for Musk to receive these actions, he must continue playing a management role (not necessarily CEO, just manager) in Tesla up to at least 2027 and maintain blocked shares five years later to only sell what is necessary for taxes. The electric car manufacturer has defined the offer as a “first crucial step” for a “long -term compensation strategy for CEO”. Its plan is to design a more detailed remuneration plan and with a more long -term vision for Musk before the company’s shareholders board in November, to submit it to a vote. Attracts attention that, unlike what is usually common in Incentives to managersthis remuneration is not linked to the demand for greater dedication of Musk to solve the problems of Tesla or the achievement of certain challenges that the company has ahead, such as overcoming The fall in sales In good part of the world markets, the Robotaxi implantation autonomous or the development of Optimus robots. Tesla seems to conform to Elon Musk occupies CEO’s chair for the next two years, a rather lax demand taking into account that a few months ago investors claimed Musk to dedicate At least 40 hours per week to Tesla, considering that divides its time into other companies such as Spacex, Neuralink and XAI. Musk motivation and future A few months ago, before the judicial blockade of his 2018 bonus, Musk himself already stated that he can “lose motivation” if he is not compensated properly and dedicate Even less time To Tesla. Therefore, this millionaire package is key to having it focused on the company and preventing it from dispenseing in its other projects. As the Wall Street Journal remembered, Elon Musk said he wanted to have enough control Voting not to be “unseed by activist investors.” “It is not a matter of money. It is a reasonable control over the future of the company. Above all, if we are building millions, potentially billions, of humanoid robots. I can not sit wondering if the activists are going to throw me for political reasons. It would be unacceptable. That is the only thing that matters,” he said In an interview During the Catar Economic Forum in May. The main trick in Tesla’s manga is that Musk, in addition to its CEO, is also one of its main shareholders, controlling approximately 20% of its actions. That is some 194,000 million dollars of your personal fortune. Which is already in itself A good incentive. In Xataka | How much money Elon Musk has: how the fortune of the man who plans the colonization of Mars from a social network is distributed Image | Tesla, dvids (Trevor Cokley)

In his efforts to cut and fire workers in the US, Elon Musk has gone one step further: Italy

In February an unprecedented event occurred in the United States. The government efficiency department (Doge) led by Elon Musk in the Trump administration, the same person in charge of carry out those “cuts” that he has staged with the chainsier that Milei gave him, fired 350 officials of the energy department. He had gone his hand so much that he had to rectify to recover specialists in the assembly of nuclear eyelets. The chainsaw Musk has just transferred borders, but he has met Italy. The controversy in Aviano. It is public and notorious. Elon Musk, known today for his aggressive management and reduction of cost management, has just generated A new international controversy After imposing its productivity control system at the American Avian Air Base, in northern Italy. An email Aimed at Italian employees The base required that they report five weekly achievements, under threat of dismissal if they did not. This type of measure, already implemented in the United States, has collided fully with the Italian labor system, which guarantees strong protections and rights to its workers. The incident has caused an immediate reaction of the unions, the Italian government and public opinion, triggering a confrontation between the business model of Musk and the labor laws of the European nation. Musk mail and surprise. The message in question was sent to Aviano Base Employees that work in areas such as restoration, maintenance and logistics, essential services for the functioning of US military facilities in Italy. Although the order was supposed to be aimed at Washington employees, the mail Italian workers were forwardedwhich generated confusion and alarm. As we said, in Italy the right to work It is constitutionally protected And contracts offer some job stability, so Musk’s demand has been seen as an unacceptable interference. I told New York Times Roberto del Savio, union representative of the employees of the base, his immediate rejection of the directive: “We are in Italy. Here are precise rules, and thank God for it. ” Not just that. The rejection was not limited only to the workers of Aviano. In total, around 4,000 Italian civil employees They work in US bases in the country, serving 15,000 American soldiers and guaranteeing the operation of facilities that operate as small American peoples on European soil. @alberico_dip Anch was not vero io gli risponderei così ♬ Original Suone – 😂 Alberico di Pasquale 😂 The Italian labor system. The European country, as we said, has one of the most protected labor systems in Europe. Of course, with his “Peros”, but the laws They guarantee job stabilityunionization and rights that are difficult to modify, especially in the public sector. Unlike the United States, where companies can fire employees with relative ease, in Italy the dismissals are more complicated and require solid legal justifications. In this regard, Pierpaolo Bombardieri explainedgeneral secretary of the UIL union, which Musk’s mail is “unacceptable and aberrant.” In fact and given the outrage generated, the unions sent letters to the Italian government and the United States embassy demanding clarifications about whether these types of measures could affect Italian workers of the US bases in the country. What do the bases say. Current norms establish that Italian civilian employees are only obliged to respond to instructions if they come directly from the United States government, not if they are tested emails. However, it is not clear if the Department of Defense plans to extend these productivity control practices to local workers. Reactions in Italy. The episode has not only generated indignation in the unions, but also became A mockery theme In the nation. The rigidity of the Italian labor system is seen by some as a guarantee of stability, but by others as an obstacle to modernization. For example, right -wing journalist and commentator Nicola Porro wrote on his blog: “Italy would also need Musk’s ax.” In social networks, a video of the content creator was popularized Alberico di Pasqualewho simulated how an Italian worker would respond to Musk’s mail. Of course, The video went viral Quickly, humorously reflecting many Italians about their work culture and the clash with the vision of extreme productivity of Musk. Musk, Trump and uncertainty. Beyond the punctual controversy in Aviano, the incident occurs in a context of uncertainty about the commitment of the United States with its military bases in Europe. Trump has insisted that European countries They must assume greater costs In his own defense, which has generated speculation about possible cuts in military bases such as Aviano. In fact, in parallel to the controversy, the US government froze credit cards Used by Italian employees of Aviano to buy equipment and stopped new hiring. Decisions that have increased concern among workers, who fear that the pressure to reduce costs will end up affecting their jobs. Hence, the words of Emilio Fargnoli, union representative, seem to be the voice of the majority: “Musk can do what he wants in the United States. If there are happy with that, perfect. But here, no. “ Image | Nathan Hughes, Gage Skidmore In Xataka | Elon Musk fired hundreds of employees and now he has to hire them again: they were experts in nuclear weapons In Xataka | 131 Microsoft Excel templates to organize everything

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