With who worker has been done the comparison? I assume is not the same if you compare the CEO with the cleaning guy than with a chief engineer
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The salary still shouldn't be 300x bigger.
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The guy, who runs the entire company, in charge of thousands of employees, advertisment, R&D, and much more, shouldnt make a substantial amount more than a guy who works 8 hours a day cleaning floors and toilets?
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No... because without the guy cleaning toilets is just as much human as the guy running much more. He has a family too. And without the workers at the bottom the CEO would be nothing. Companies are nothing without people
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Im not saying the cleaning guy isnt important, everybody is, but thats insane to think they should make near as much money as a guy running the entire company.
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Well obviously pay is determined by skillset and value but it’s absurd to think that the CEO should make 100x more just because they oversee the operation. If they were a genuine person they’d funnel that extra money back into their company and people.
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Then build a company that operates the way you think it should instead of griping about how unfair it is that someone else’s company is morally corrupt. The cleaning guy wouldn’t be there if he had a better offer.
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I highly doubt that the AT&T CEO has ever "built" anything.
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Those other companies aren't developing a new product in a highly competitive industry with no experience
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that's not his point tho
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Just like the point of Tesla, at least at the start, wasn't to make profit. It was to use funding to make an EV, then use money from that to make a more affordable EV, and then from that an even more affordable one, to get EVs more mainstream. Not everything's about profit.
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Investors won't keep throwing money at you to make cool stuff at a loss. All companies need to profit at some point.
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Twitter made losses every single year until 2018, it even went public whilst making losses.
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Twitter also has a cash flow and isn't issuing debt/equity once a year to fund it's growth.
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Both firms have cash flow. How did twitter fund 12 years of losses then? Genuine question lol idk, always assumed they issued equity or requested investment
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Elon would have been well off financially years ago. His determination to try make this world a better place, and advance our civilization trumps money.
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Lmao dude that's not the only company he owns, he's most definitely financially "well off"
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Not to the point he could be though. He will easily be the richest man in the world one day.
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That's a big statement lmao tesla and his other companies may be large but he'll never pass Jeff Bezos with Amazon
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Someone probably said that about bezos in regards 10 years ago in regards to Bill.
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Not to mention,
@elonmusk is not motivated by money, he knows it will come when he changes the world. -
Musk may be remembered by other achivments than most money hoarded in history.
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Yup a typical entrepreneur seeks to create value to benefit his world, money accompanies value.
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