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Tesla’s board just proposed an offer to Elon Musk for a $1 trillion pay package. It would be the largest CEO pay package in corporate history, handed over to the world’s richest man, a CEO who has spent much of the past year ignoring his company. Instead of doing his actual job, he’s been gutting the federal agencies that serve communities, including the agency that protects people from financial predation and abuse, feuding with politicians, and tanking Tesla’s stock value. ![]() Longtime investors admit Musk is no longer focused on Tesla. Analysts tie his political crusades to the company’s decline. And workers say his erratic involvement has created a bottleneck that drags the entire company down. Yet instead of being real about these risks to the company and shareholders, and finding a leader who will put Tesla first, the board is preparing to shower Musk with a payout so massive it would give him even more control over the company and cement his grip on power for years. And the problem does not stop with Musk. Starbucks paid its CEO nearly $98 million last year, a staggering 6,666 times the median pay of a barista. At Axon, the CEO raked in over $164 million. Health insurance executives at companies like UnitedHealth, Elevance, and Cigna all earned hundreds of times more than their average workers. Congress has the tools to fix this. The Tax Excessive CEO Pay Act, the Curtailing Executive Overcompensation Act, and the CEO Accountability and Responsibility Act would finally put guardrails around runaway executive compensation. These bills would raise taxes on companies with the most extreme pay ratios, cut off tax perks for corporations that enrich their executives while underpaying their workers, and send a clear message that Congress will no longer allow boards to use shareholder money to reward billionaires for failure and risky decisions that harm us all.
Musk’s trillion-dollar deal is the most extreme example yet of how broken CEO pay has become. It shows that boards will enrich an erratic billionaire even as his public actions tank stock prices and weaken the company he is supposed to lead. The goal is to entrench wealth and power in the hands of a few people at the expense of everyone else. Across the S&P 500, the average CEO now makes nearly 300 times the pay of a typical employee. These gaps are widening every year, fueling resentment, instability, and an economy that leaves millions of working people behind while rewarding executives who fail upwards. This fight is not just about Elon Musk or Tesla. It is about ending a rigged system where corporate greed is rewarded and working people are treated as disposable. Every delay means another Musk-style payout gets rubber-stamped and normalized, and workers lose. Every excuse tells workers their labor does not matter. We cannot allow that. Thank you for standing with us in the fight to stop billionaire greed, and outrageous CEO pay and hold corporations accountable. Annie. Annie Norman (she/her)
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