TECH - Elon Musk Weighs In On CEO Pay Again — Now Takes Aim At GM's Mary Barra's Salary | Benzinga
Just under a month after warning against Lucid Group Inc. (NASDAQ:LCID) CEO Peter Rawlinson's salary, Elon Musk weighed in on General Motors Co. (NYSE:GM) CEO Mary Barra's pay on Friday.
What Happened: Musk wrote on X, formerly Twitter, “Corporate compensation should be proportionate to success, just like it is for pro sports.”
The Tesla Inc (NASDAQ:TSLA) CEO was responding to an X user and Tesla enthusiast who alleged that Barra has created zero value for the company’s shareholders over her tenure as CEO.
“Why is she worth over $20M/yr? If she's worth >$20M/yr, no shit the blue collars want more money,” the user wrote in a post, hinting at the ongoing workers’ strike against the company for better pay and incentives.
General Motors’ shares started trading on the New York Stock Exchange since November 2010. ...