Chapter
A 600 Billion Dollar Compensation Plan
28:02 - 32:27 (04:25)
The speaker discusses a compensation plan in which the individual would own 10% of the company if it became a 600 billion dollar company, which would unlock at increments of 50 billion dollars. The individual ultimately decides to keep their stock due to their belief in the future of electric cars.
Clips
During an interview, someone quoted the analogy of the captain of the ship going down with it, and he realized that it is always in the incentive of the captain of the company to say everything is going great even if it's not, as they cannot come out and say they might not make it.
28:02 - 28:43 (00:41)
Summary
During an interview, someone quoted the analogy of the captain of the ship going down with it, and he realized that it is always in the incentive of the captain of the company to say everything is going great even if it's not, as they cannot come out and say they might not make it.
ChapterA 600 Billion Dollar Compensation Plan
EpisodeThis Year's Best Twitter Accounts to Follow
PodcastMy First Million
The speaker reflects on a past investment where he had to make a decision to sell his stock or follow his intuition that cars will go electric in the future.
28:43 - 30:17 (01:33)
Summary
The speaker reflects on a past investment where he had to make a decision to sell his stock or follow his intuition that cars will go electric in the future.
ChapterA 600 Billion Dollar Compensation Plan
EpisodeThis Year's Best Twitter Accounts to Follow
PodcastMy First Million
The podcast hosts discuss how Elon Musk negotiated a unique compensation package and how his company is vertically integrated into an energy and battery company.
30:17 - 30:43 (00:26)
Summary
The podcast hosts discuss how Elon Musk negotiated a unique compensation package and how his company is vertically integrated into an energy and battery company.
ChapterA 600 Billion Dollar Compensation Plan
EpisodeThis Year's Best Twitter Accounts to Follow
PodcastMy First Million
Elon Musk's compensation plan for Tesla was based on the company's market valuation reaching milestones, with the top goal being a 600 billion dollar company where he would own a significant portion of the company.
30:44 - 32:27 (01:42)
Summary
Elon Musk's compensation plan for Tesla was based on the company's market valuation reaching milestones, with the top goal being a 600 billion dollar company where he would own a significant portion of the company.