Would Elon Musk Work Harder for $1 Trillion Than $1 Billion?
Would Elon Musk Work Harder for $1 Trillion Than $1 Billion?
Economists and psychologists say that compensation may not provide as powerful an incentive as is often assumed.
Read the full article on NY Times Technology
Truth Analysis
Analysis Summary:
The article's central premise revolves around the incentive of a $1 trillion compensation package for Elon Musk. While sources confirm the existence of such a proposal, the article's reliance on psychological speculation introduces bias. The accuracy is mixed, as the existence of the proposal is verified, but the motivational claims are speculative.
Detailed Analysis:
- Claim: Economists and psychologists say that compensation may not provide as powerful an incentive as is often assumed.
- Assessment: Unverified. This is a general statement and requires specific sourcing to assess its accuracy in the context of Elon Musk. No source directly addresses this claim.
- Claim: Tesla's board proposed a pay package for Elon Musk that could be worth more than $1 trillion if certain performance targets are met.
- Verification Source #3: Confirms that Tesla's board defended his pay package.
- Verification Source #4: Confirms that a pay package could be worth about $975 billion.
- Verification Source #5: Confirms Tesla's board proposed a new pay package for Elon Musk that could be worth more than $1 trillion.
- Assessment: Supported. Multiple sources confirm the existence of a proposed pay package potentially worth around $1 trillion.
Supporting Evidence/Contradictions:
- Source 5: Tesla's board just proposed a new pay package for Elon Musk that could be worth more than $1 trillion if...
- Source 4: ...Elon Musk worth about $975 billion. The full award would give Musk more than 423 million additional shares.