Tesla Directors Return $735 Million, Here’s Why | Vantage with Palki Sharma
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- Опубликовано: 7 сен 2024
- Tesla Directors Return $735 Million, Here’s Why | Vantage with Palki Sharma
Tesla directors have agreed to pay $735 million to settle a lawsuit with shareholders. The directors were accused of overpaying themselves with huge stock options from 2017. The lawsuit has raised questions about the pay gap between business leaders and ordinary workers. Why do CEOs earn 400 times their employees? Palki Sharma tells you.
Tesla | Tesla Directors | CEOs | Elon Musk | Firstpost | World News | Latest News | Global News | International News | Trending News
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Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.
The show is anchored by Palki Sharma, Managing Editor, Firstpost.
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Flashback with Palki Sharma:
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Between the lines with Palki Sharma:
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In Japanese corporations the higher execs tend to take pay cuts whenever the business is having a downtime.
Palki. I just love your knowledge and short videos packed with amazing information. Bless you. Thanks for your content.
"Winners Take All: The Elite Charade of Changing the World" - by Anand Giridharas would be a very good read on this topic.
In india typically CEO or MDis the business owner or his close relative. He need not give high salary as the entire profit goes into the family, so no need for high salaries. So the workers get screwed either way.
Very well done news analysis and comments. It is true that while the world is crumbling the CEOs and Board of Directors keep on flourishing.
Why are Indian government officials earning 10 to 50 times the average earnings of a common man in India?
Because CEO know how to eat poor people money in the innovative way👍🏼
No they don't. You are useless they are not
Forget ceos think about managers and upper management they take large money as well for writing mails!😂
This was excellent Palki!
Thank you 🙏
Because employees’ value is determined by the dynamics of labor market, not directly tied to the performance of the business. Just because the company does well, it doesn’t mean the employees will get paid better - it just means the company can afford to pay their employees better. They just need to pay enough to keep the turnover at an acceptable rate - so if you’re valuable to them, they will always find ways to comp you well or keep you. Meanwhile, employees can just switch jobs. However, CEO/business owners actually bear the risks. The world isn’t perfect. It’s just the result of market economy.
It is also indeed true.
CEO doesn't make the company go around. The employees do. Too bad nobody cares about their own workforce
Adversity of life man
@Shadow-uw3ld Well, you are not wrong
Ceo is the captain on the ship
Certainly if you put an ad in the paper for a CEO and offered them a million dollars a year plus benefits you'll have all kinds of people lined up for that job
They are paid more because they travel in an elite group of people who know how to play the game. Some are worth it but many are not.
this is how the system works
Pallaki, my son is 10+ years old and he picks words from you. I am so proud o you. Once connected will send his videos. You and Ellen he has a craze. He will duplicate the word as you and Ellen speaks
I had read somewhere that Pichai was paid 4 million dollars in cash and 222 million dollars in stocks.
thanks for the financial news on Tesla!
Dear Pllaki, it's a problem with the pathways of the hostel and washroom. Imagine the word IVY? have you read and heard it in the 50-60-70's in movies/books/magazines? I am from your city when the sand storm comes, we paste papers and posters on hostel windows but we have 4-inch sand cladding on our floor. Which is IVY; cleaning a floor or cleaning a job. The IVY will not teach this. anyways, i will find the founders and change the logo of firstpost for sure. God bless with you work. And my son and I always admire you. We love you 🙏🙏🙏
Insane world of big bucks. Thanks for this well put video.
Great content , unfortunately it's the status quo - footballers earn in billions - some struggle with daily sustenance - capitalism is great but extreme capitalism not so - limited world resources are used up by this 1-2 % in gross inequality
For one, your report needs to separate out salary from stock valuations to get an accurate comparison.
Yes, a ratio would be good. A 10x cap perhaps?
great video learnt alot and please keep them coming in future
Wow, this is crazy, I never thing of this view and the figures would be 400 times seriously.
Nice 👌.
Well the employees should strike and claim a portion of the annual bonuses... working hours and salary rises as per financial sector fluctuations..😮this is how macro businesss are manipulating the profits and they crook the book's 😂
Extensive money laundering operations attract certain type of bag-holders associated to "directors" and CorruptEOs.
CEO s are highly intelligent 😅 well i doubt that
Look who is talking "Firstpost founder Firstpost is an Indian news website owned by "Reliance Industries," which also runs CNN-News18 and CNBC-TV18." Cover India.....We would like to listen about India..
YEAH, you should also then take the salary of a cleaner!
rich create employment so that they can earn from their work.
Why not include examples from India?
Great analysis Dear
Instant results made by CEO's are not because they are skilled, because they are reducing company expenses by making one employee do 3-4 people's job and with benefit cuts than what was offered in 1980's.
You mean they are working for 30 hrs in 8 hrs?
Or, the productivity of employees is so low (because of lethargy, indulging life and poor health, broken relationship and mental distress, and more indulgence to de-stress...).
I'm from a socialist state of west bengal which was a developed and prosperous state once before Left Socialists invaded the scene. After that the state is reduced to economic ghetto with widespread poverty. More than half of its citizens have left the state for survival.
We rule means the rule. Please understand the bindi has to go to the top, and it's called.
they are not understanding it
All for reducing high pay for ceo if it is going to change things for normal employees.
Its happening all over the world🤣🤣🤣
Leveraged decisions.
You are trying to validate the CEO with the money they produce for the company in that very same year. However, the board members know the real value of these CEOs in the long run. For this reason, to retain them, the board pays this money.
Also, the people at the bottom may not know the importance of these CEOs to the company. Only the board knows the criticality of these positions.
It is very popular to defend the masses (in this case, the ordinary employees). But the reality is different.
Oh really? Explain what "real value" these CEOs bring to the company in the long run that is worth 400 x the employee salary?
It's not about defending the masses. It's about value for money. CEOs bring customer connections to / for the company. Ultimately, that is the value, and it should not be. But that's business, right?
400 times is way too much.
If the CEO are highly skilled let them do the job and see how well they will do without the help of others. Some companies let people go so that the CEO may get the salaries of those employees into their pockets.
Shareholders should get their fair share.
Film stars get ridiculously over paid
No because they put bums on seats, I will watch anything tom cruise is in.
700 millions of good faith 😂
Ethical integrity should be touched, as a news channel you are not touching.
I am just one promotion away from becoming a CEO❤
Acting like mafiosi bosses, they pay themselves whatever they want?
project issue don't involve......nothing get F.O.C in world
Book bank and gold god pull give ok 👍
Why does palki earn manifold more than the average worker at First post?
Elon is the Meme king he deserves the moneys 😅. I still like him over any snowflakes CEOs.
When ship is overloaded u have shed off extra weight not the captain full r empty voyage u r ship still needs a captain...... especially at economic downturns Business leaders capacity is tested to full.....rest is stupid debate...
I will buy your company in 2025, its a promise.
Compare your salary with someone who is fresh at FirstPost.
same way palki earns so much but her camera man n ndtv hubby don't
In America problems are everywhere…. Turning into worst place to live…
Opposition and many a media always cry in India there is widening gap between low earners and high ones. They don't know what is happening in the world.399times earing for CEOs than ordinary workers !!!.
THE MERE FACT THAT THEY DO IS WHY HARD-WORKING WRITERS AND ACTORS ARE STRIKING TODAY!!!
she makes me watch news
We don't care. If company is good and share price increases as a Shareholder I'm happy!
Why not focus on CEO pay in India - worried they will stop funding Indian media? Easier to criticise US companies as one does not risk one's own financial position and influence! Palki how much are you being paid compared to average worker of FirstPost - can you please disclose?
Ohh, another kid with obsession with India.
Ask your boss the same question palki😂
She is
Cover India
I had a dream, hope you are not a daughter of Shri. Dr. Arya Kumar
ㅡN korea kim card ok green grow th two all give ok 👍
I think its fair because the responsibility and risk are high, reward is high too. And I think most of their salary is variable and depending on the company profits.
Just breaking it down by simple numbers would put things into perspective. Taking Google for example laying off 12000 workers saves around 2B dollars annually taking an average salary of 150000$/employee. Sundar P was definitely the one to make that very difficult call. Laying off workers cannot conclusively state company not growing. Taking a deeper dive into company financials will lay the picture clearer.
But why give a bonus to CEO for the layoff decision? They should take a pay cut for leading the company to this position. Compensation correlates to performance, isn't it?
@@striker44 You're not considering macroeconomic conditions. When GDP of a country is on the decline and consumers are not consuming as much as they did during the COVID era, what else can a CEO do other than cut costs down. The same CEO when on a hiring spree when productivity was up crazy during COVID but no one seems to be discussing that. In this case I think CEO performance is excellent and made the right call even though it was a difficult one to cut more than 10% of it's workforce. I'm pretty sure he must have lost countless nights of sleep deciding that.
One of the worst coverages by Palki. Without these directors, there can't be so many sales. Elon awarded performance based stock compensation
What about the sales team who does that on grounds ?
@@Bhairavvvv They are paid salaries. The aim of the business is to make profits while serving the customer as much as possible. People who took risks early on are the ones who should be paid. Sales people can go and find another job but not the businessman . If the company goes down, he sinks along. That's why all the benefits. Asymmetric risks gives you asymmetric returns. When sales guys feel that they are paid less, then why don't they start their company using their skills ?
Focus on Ambani and Adani! WTF are they doing? Musk is 1000 levels above Adani and Ambani!!!
What an incredible performance!💝🍭
❤❤2023) you are the best... please stay safe and more beautiful... You are very hardworking person always take time for yourself 2023).❤.
When leaders are greedy how can you expect employees to be different from them! Greed has no end! Live and let live others also 🪴