Pope Expresses Concerns Over Tesla's Billionaire Compensation
The package raises concerns over CEO-worker income disparity, with Musk possibly becoming the world's first trillionaire pending shareholder approval.
Tesla's board announced a plan awarding Musk 423.7 million shares if Tesla's market value reaches $8.5 trillion.
Pope Leo questioned the significance of Musk becoming a trillionaire, warning that prioritizing financial worth could harm society.
The remarks increase scrutiny on executive compensation, affecting corporate governance, investor debates, and political responses to economic inequality.
2 days ago