I've heard people complaining about how he pushes his employees too hard, and I always have an issue with this argument. It might apply to others, like maybe Bezos with his underpaid Amazon workers, but I don't really see how it applies to Elon.
He works incredibly hard, long hours. He takes big risks, and shares a lot of the risk. It's not like he's on top laughing away as his underlings work for pennies - he's the one driving business.
Do his employees share in his spoils though? I'm sure some get stock but if you're asked to work 20% harder for 10% more pay would you do it? If that's the case I don't care how long or hard the CEO works, it's not in my best interest.
That's fair, but I think some of the reward is knowledge of the ground breaking projects your are working on.
I just find the argument annoying because there are so many other billionaire CEOs they could (correctly) critisize, why drag down the only one bringing electric vehicles, solar cities, and freakin' privatised space? This is something we should be heavily supporting and cheering on
I’ve read it’s common for the employees to realize that they are working on world changing projects and thus work the crazy hours. They believe in the greater good and give their time to the project.
>To some extent, yes. He strongly believes that every employee under him should get some of their compensation in the company stock.
Jeff Bezos strongly believed the same thing, and gave his employees stock in lieu of higher wages... until AMZN passed $2000 a share, at which point he strongly believed in phasing out RSUs and productivity bonuses in favor of higher wages.
That was a direct response to repeated criticism from various politicians over "low wages" because they didn't bother to take the incentive programs into account. So you can blame Bernie Sanders for that one.
I think when we are at a point where a governmental body (in this case the SEC) has to step in and strip him from some of his power, we are beyond the point of "it's for him to decide".
He works incredibly hard, long hours. He takes big risks, and shares a lot of the risk. It's not like he's on top laughing away as his underlings work for pennies - he's the one driving business.