"Bribery is generally unethical and often illegal, but also quite effective. When my four-year-old is acting up and ignoring my increasingly desperate pleas for her to get dressed, leave the playground or do something else very important, I have, on occasion, resorted to desperate promises of ice-cream. Obviously, I know it's counterproductive to respond to suboptimal behaviour with sugar-based bribes. But sometimes you are exhausted and just need a short-term win. The ice-cream always delivers."
"In a section of Tesla's latest stock market update that began: Yes, you read that correctly, the board outlines everything Musk has to do to get his hands on that performance-based trillion. Which, to be fair, is a lot. Tesla needs to reach a market cap of $8.5tn, eight times its current value, in 10 years to get Musk the payout."
Bribery can be effective for short-term compliance, illustrated by a parent offering ice-cream to a misbehaving four-year-old. Tesla's board proposed a performance-based pay package that could award Elon Musk a payout contingent on extreme company milestones. The plan requires Tesla to reach an $8.5tn market capitalization, roughly eight times its current value, within ten years. Many analysts view Tesla as already overvalued, making the targets formidable. The package appears designed to exploit Musk's ambition and ego to refocus his attention. The potential trillion-dollar payout raises ethical concerns given global poverty, and follows Musk's history of controversial, damaging initiatives.
Read at www.theguardian.com
Unable to calculate read time
Collection
[
|
...
]