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Bernie Sanders Says Pope Leo Is Exactly Right About Elon Musk's Pay Package: 'No Society Can Survive When One Man Becomes A Trillionaire' - Tesla (NASDAQ:TSLA)
Benzingaยท 2025-09-16 04:23
Group 1 - Senator Bernie Sanders aligns with Pope Leo's criticism of excessive executive compensation, specifically targeting Tesla CEO Elon Musk's proposed $1 trillion award [1][2] - Sanders argues that such compensation highlights growing inequality and should be rejected, emphasizing that no society can thrive when one individual becomes a trillionaire while many struggle to meet basic needs [2][3] - Pope Leo warns about the dangers of a potential "trillionaire era," noting that CEOs now earn 600 times more than average workers, raising concerns about the implications of such wealth concentration [3] Group 2 - Tesla's board defends Musk's performance-based compensation plan as a means to keep him focused on ambitious targets, asserting that it encourages unprecedented achievements [4] - Morgan Stanley analyst Adam Jonas describes the proposed $1 trillion award as a "good deal" for Tesla shareholders, suggesting that it is modest relative to the market opportunities in AI, autonomy, and robotics that Tesla is pursuing [5] - Tesla's stock has increased by 8.17% in 2025, underperforming compared to the S&P 500's 12.72% gain and the Nasdaq 100's 15.82% increase, indicating mixed performance in the market [6]