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  • 3 weeks ago

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00:00Elon Musk got a pretty impressive pay package.
00:03Now, first, I just need to say,
00:05because everyone, it's such an easy punching bag
00:07to be like, oh my gosh, Elon's so rich
00:09and he's going to get a trillion dollars.
00:10This isn't fair.
00:11I mean, the hoops he has to jump through
00:12for him to get that would be insane.
00:14Like, it would benefit shareholders so much.
00:17He has benefited shareholders.
00:18Right, and the pay packages before,
00:20they always agree to it because they're like,
00:21there's no way that this is humanly possible.
00:23There's no way he can meet these benchmarks.
00:26And then he does, and it's great for everyone.
00:28It's a dumb thing to be the head of AMC Theaters.
00:30I remember I covered this story a lot,
00:33who actually paid himself a decent amount of money.
00:35He paid himself a lot because, yeah,
00:36it actually became a meme stock.
00:38Yeah, but think what happened.
00:39And now, I mean, it's not doing so well.
00:41But a lot of meme investors buy high, sell low.
00:43And these guys bought good.
00:45And Adam Aaron was the beneficiary of that, yeah.
00:47And they were, by the way, they,
00:49so AMC now is worth 24 cents, last I checked.
00:52This is after the reverse.
00:54They did a reverse split where it says $2.40,
00:58but it's really, it's worth the equivalent of 24 cents
01:00because it was a 10.4.
01:01It's one thing to be that,
01:03a guy that basically delivers almost no shareholder value.
01:06Creates no value.
01:07Right, no shareholder value.
01:08I mean, he creates value.
01:09I'm sure he's a great guy, nice person.
01:11Yeah, and by the way, he kept the company.
01:13Good father.
01:13He kept the company going.
01:14I mean, I don't know.
01:15But I'm just saying you can make a case
01:16that he created value, but not shareholder value.
01:19Elon has created tremendous shareholder value,
01:21and he pays himself.
01:22So it's hard to really, I mean,
01:25the metrics that we are, that if you believe in capitalism,
01:30and if you're not Zohair and Mondami,
01:32you believe that the metric is,
01:34what do you return to the shareholder?
01:36And by that metric, Elon,
01:39because that's who he works for, did a great job.
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