News for hackers. Stuff that matters.
Re:Elon Musk’s anti-union tweet from 2018 must be deleted: U... by jakelazaroff on Saturday March 27, 2021 @12:35AM (#26599949)
Tesla’s CEO is the richest human on the planet and we’re worried about workers taking too much? If Elon’s stressing over sustainability, let him take the pay cut.
Re:Elon Musk’s anti-union tweet from 2018 must be deleted: U... by wtfrmyinitials on Saturday March 27, 2021 @12:51AM (#26600012)
I may be confused, but your comment appears to be a bit of a non sequitur.
Re:Elon Musk’s anti-union tweet from 2018 must be deleted: U... by jakelazaroff on Saturday March 27, 2021 @12:56AM (#26600031)
GGP asked whether collective action returns a sustainable slice of corporate revenues, i.e. do unions demand so much that it harms the company. I’m saying that they should look at executive compensation through the same lens.
Re:Elon Musk’s anti-union tweet from 2018 must be deleted: U... by optimiz3 on Saturday March 27, 2021 @01:25AM (#26600145)
Elon isn't hired management. He built the company, and risked all of his personal assets in doing so.
Re:Elon Musk’s anti-union tweet from 2018 must be deleted: U... by iamacyborg on Saturday March 27, 2021 @05:28AM (#26601092)
From what I understand, Musk as an already wealthy man would be able to easily protect his personal assets if Tesla were to declare bankruptcy. He would be fine, employees, living paycheck to paycheck, would not be.
Re:Elon Musk’s anti-union tweet from 2018 must be deleted: U... by sjwright on Sunday March 28, 2021 @08:17PM (#26616297)
And that appears to be another non sequitur. It was Elon's personal assets which caused those paychecks to exist in the first place. Elon has risked over 100% of his personal wealth on multiple occasions and there are moments in Tesla's history where if the company had failed, Elon would have fallen back into deep debt.
Re:Elon Musk’s anti-union tweet from 2018 must be deleted: U... by pmichaud on Saturday March 27, 2021 @06:11AM (#26601242)
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?
Re:Elon Musk’s anti-union tweet from 2018 must be deleted: U... by jakelazaroff on Saturday March 27, 2021 @07:48AM (#26601635)
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.
Re:Elon Musk’s anti-union tweet from 2018 must be deleted: U... by sjwright on Sunday March 28, 2021 @08:25PM (#26616357)
That makes no sense. Elon's Tesla stock isn't Tesla's to give away to its employees.
Re:Elon Musk’s anti-union tweet from 2018 must be deleted: U... by jakelazaroff on Sunday March 28, 2021 @10:42PM (#26617167)
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-pa...

Re:Elon Musk’s anti-union tweet from 2018 must be deleted: U... by sjwright on Monday March 29, 2021 @03:38AM (#26618625)
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!

Re:Elon Musk’s anti-union tweet from 2018 must be deleted: U... by jakelazaroff on Monday March 29, 2021 @08:09AM (#26620399)
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!

Re:Elon Musk’s anti-union tweet from 2018 must be deleted: U... by mlindner on Saturday March 27, 2021 @02:07AM (#26600316)
He gets no salary already. He's paid only in stock.
Re:Elon Musk’s anti-union tweet from 2018 must be deleted: U... by jakelazaroff on Saturday March 27, 2021 @07:54AM (#26601666)
Workers can also be compensated with stock.
Re:Elon Musk’s anti-union tweet from 2018 must be deleted: U... by sjwright on Monday March 29, 2021 @03:38AM (#26618630)
And they are.
Re:Elon Musk’s anti-union tweet from 2018 must be deleted: U... by eru on Saturday March 27, 2021 @01:45AM (#26600220)
Well, Tesla's CEO is just one of the workers of Tesla, too.