Even the Pope has an opinion on Elon Musk's proposed $1 trillion pay package
In his first media interview since assuming the papacy, published Sunday by Crux, a news site reporting on the Vatican and the Catholic Church, Pope Leo criticized the growing wealth inequality that he says is fueled in part by massive corporate compensation deals.
The Pope said that 60 years ago, CEOs made maybe four to six times more than their workers, but that now, according to the last figures he saw, it is 600 times more.
"Yesterday, the news broke that Elon Musk is going to be the first trillionaire in the world. What does that mean, and what's that about? If that is the only thing that has value anymore, then we're in big trouble," the Pope said.
Tesla's board proposed a $1 trillion compensation package for Musk earlier this month. The massive payday is tied to Musk meeting ambitious "operational milestones," including boosting Tesla's valuation to $8.5 trillion, selling about 12 million cars over the next decade, and deploying one million robotaxis.
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