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this post was submitted on 15 Dec 2024
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United States | News & Politics
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Tesla employee count: 140,473
SpaceX employee count: 13,000
Elon Musk could transfer $1 million in stock to each of his 153,473 employees,
which would cost him $153 billion and he would still have a net worth of $302 billion!
He'd still be the richest man in the world and would still have $56 billion more than Jeff Bezos!
And some of that money he has came from under-paying factory workers at his Fremont, California assembly plant. For a long time the hourly rate was $22 (not sure what it is now) but auto plants in the Midwest were paying that or better and he was paying $22 per hour in one of the highest cost of living areas in the country.
Elon is now worth more than Jeff Bezos and Bill Gates combined.
Tbf, if he transfered that stock, the price of it would crash as the employees sold it. He'd have to do some kind of slow transfer over several years.
All businesses should be worker or consumer cooperatives. Capital shouldn't be divorced from stakeholders like in our current capitalist system, but rather socially owned by the direct stakeholders like in Mutualism.