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by aguyfromnb 2236 days ago
>It's a waste to society to have someone like Musk working in finance where he would largely be working on financial gain for a small number of individuals.

Where on earth does this narrative come from that Musk isn't working for financial gain?

The guy rammed a pay package beyond anything the world has ever seen past a weak board, and just took his first payment, $700MM+ in equity, which is far beyond what the company has ever earned in GAAP profits in its entire existence.

If he doesn't care about money, how do you explain that?

3 comments

I'm not saying that he isn't motivated by his individual financial gain. I'm saying that the output of his work isn't for peoples' financial gain. He makes cars, not financial instruments. And cars, unlike financial instruments actually provide value to society.

I'm not saying that people don't care about money. I'm agreeing that they do. And thus that it is important that as a society we distribute our money to enterprises that are actually doing useful work. Precisely so that people who are money-motivated (which is basically everyone to a greater or lesser degree) will choose to work for these enterprises.

He is working for financial gain, but as a means to get to the end of his goals:

1) Going to mars. 2) Sustainable energy / transport

The company has to continue to exist and do well for the equity to be worth anything.