> There's absolutely no evidence that additional equity would motivate him more.
Yes there is. Presumably, if Musk proposed a compensation package, it’s because he wants that compensation, and if the compensation is tied to uncertain milestones, he’ll be motivated to get the thing he wants by trying to achieve those milestones. It’s not as though someone proposed this to Musk and he said, “yeah sure, whatever.”
> Like much CEO pay, Musk's pay package is more about status than about motivating him.
Status can be very motivating. Obviously no one is in it for the “marginal utility of wealth” at the level of wealth Musk has, but the ability to pay for basic needs strikes me as a pretty one-dimensional way to view the way money can be motivating.
Extremely wealthy people still clearly pursue more wealth, so it’s pretty straightforwardly motivating in some sense.
> Or is someone really going to try to make the case that he's kinda half-assing it right now?
It’s not really a matter of “half-assing”, it’s a matter of further aligning someone’s goals with the organization they’re leading. Your implication here seems to be that someone can’t do a better job than they’re doing unless they’re slacking.
Yes there is. Presumably, if Musk proposed a compensation package, it’s because he wants that compensation, and if the compensation is tied to uncertain milestones, he’ll be motivated to get the thing he wants by trying to achieve those milestones. It’s not as though someone proposed this to Musk and he said, “yeah sure, whatever.”
> Like much CEO pay, Musk's pay package is more about status than about motivating him.
Status can be very motivating. Obviously no one is in it for the “marginal utility of wealth” at the level of wealth Musk has, but the ability to pay for basic needs strikes me as a pretty one-dimensional way to view the way money can be motivating.
Extremely wealthy people still clearly pursue more wealth, so it’s pretty straightforwardly motivating in some sense.
> Or is someone really going to try to make the case that he's kinda half-assing it right now?
It’s not really a matter of “half-assing”, it’s a matter of further aligning someone’s goals with the organization they’re leading. Your implication here seems to be that someone can’t do a better job than they’re doing unless they’re slacking.
reply