Elon Musk Vs Robert Reich For Tesla's Pay Cut

Elon Musk vs Robert Reich for Tesla’s pay cut

   

Elon Musk vs Robert Reich for Tesla’s pay cut

Elon Musk vs Robert Reich for Tesla’s pay cut. After Robert Reich, a Clinton-era labor entrepreneur who is now researching lay foundations at the University of California, Berkeley, Elon Musk did not deny his words, criticizing Tesla’s CEO for cutting salaries earlier this year and calling him a ‘modern pirate baron.’

Elon Musk Vs Robert Reich For Tesla's Pay Cut
Elon Musk Vs Robert Reich For Tesla’s Pay Cut

“All Tesla workers also get shares, so their repayment is increasing gradually, “All Tesla workers also get shares, so their repayment increases gradually.

— Elon Musk (@elonmusk)
September 9, 2020

Tesla forced all workers to take a 10 percent pay cut from mid-April until July. In the same period, Tesla’s stock skyrocketed and CEO Elon Musk’s net worth quadrupled from $25 billion to over $100 billion.

Musk is a modern-day robber baron.

— Robert Reich (@RBReich)
September 8, 2020

On Tuesday, the largest drop in Bloomberg Billionaire Index history, Musk’s net worth fell as much as $16.3 billion, as Tesla shares fell more than 20 percent before jumping 6 percent on Wednesday. Company stocks have tripled since the pay cut in April, despite this week’s defeat.