RJ Scaringe gets new pay package worth up to $4.6 billion

[Golfer04]

Except it isn't. With vesting schedules stock awards can be worth far less after vesting than they are at award. Companies don't give $10,000 cash bonuses that are worth $1,000 a year later. It is entirely feasible that you could end up paying more in taxes than the award is worth upon vesting.

Stock awards carry risk that cash awards do not, taxing them as if they are cash is a frankly ridiculous concept.p

That's stupid. Income is income. Pay for employment us pay for employment. Not going to argue it. Been in accounting & finance for 40 years.

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[Donald Stanfield]

You think these guys just stuff their mattresses with it? - No - the invest - in many other opportunities - they spread that money everywhere which benefits everyone it touches..... Why do people think "Rich" people are just greedy ? - I myself have a few million - a few businesses - and hundreds of other people benefit from it ---- .. 1 million, 10, 20, 100, 1000 - whatever it gets spread thru the economy and helps others...... but not by the government taking it .....

The point is, it isn't up to these people to decide where and how this money should be spent. That negates the point of voting and declaring rules as a society. You have a few million. Congratulations, you are officially closer to $ 0 than you are to RJ's pay package. You do realize that a billionaire is a THOUSAND times richer than a Millionaire?

The government isn't perfect, but giving people that money in the form of housing or healthcare does more for society than Bezos making a dick rocket or building a yacht so big it needs a support yacht worth more than your neighborhood to make sure it can operate. Trickle-down economics doesn't work, and every developed nation besides this one has fewer billionaires but a higher standard of living for everyone else. No one benefits from someone else having a billion dollars, and even if they did, society would benefit more if that money were better utilized.

It would be one thing if there weren't grants and government subsidies paid for by tax dollars that allowed these people to amass such a substantial amount of wealth. Please review the loan for the GA factory that Rivian received with our tax dollars. Why should my taxes be used to lend more favorable loan terms to Rivian, so that RJ can secure billions of dollars? That doesn't make sense. We are subsidizing these people to allow them to hoard wealth, and that's really dumb.

A year ago, we were all crossing our fingers that the federal government would extend that line of credit to Rivian, as it is key to their long-term survival. Today, we are discussing RJ's 4.6 billion dollar pay package. You don't see the correlation there? Why not?

 

[TerryInHouston]

does more for society than Bezos making a dick rocket or building a yacht so big it needs a support yacht worth more than your neighborhood to make sure it can operate. Trickle-down economics

That Dick Rocket and Yacht has supported thousands of families with jobs - so they did not have to beg for hand outs..... The employees of the Dick Rocket company very much appreciate the jobs they have so they are not mooching of you.....

Dick Rockets and Yachts create growth and jobs ..... handing out money in neighborhoods creates Democrats.....

 

[Donald Stanfield]

That Dick Rocket and Yacht has supported thousands of families with jobs - so they did not have to beg for hand outs..... The employees of the Dick Rocket company very much appreciate the jobs they have so they are not mooching of you.....

Dick Rockets and Yachts create growth and jobs ..... handing out money in neighborhoods creates Democrats.....

Yeah, and my tax dollars created the environment these people live in, which allows them to make this kind of money. I expect a greater return.

 

[TerryInHouston]

Except it isn't. With vesting schedules stock awards can be worth far less after vesting than they are at award. Companies don't give $10,000 cash bonuses that are worth $1,000 a year later. It is entirely feasible that you could end up paying more in taxes than the award is worth upon vesting.

Stock awards carry risk that cash awards do not, taxing them as if they are cash is a frankly ridiculous concept.

You are right - they do carry risk - I personally got caught in that in 2000 in the .com crash ----- was my own fault not converting my options when I should have......

Ignorance of the market and options though are a really poor argument....

 

[COdogman]

You think these guys just stuff their mattresses with it? - No - the invest - in many other opportunities - they spread that money everywhere which benefits everyone it touches..... Why do people think "Rich" people are just greedy ? - I myself have a few million - a few businesses - and hundreds of other people benefit from it ---- .. 1 million, 10, 20, 100, 1000 - whatever it gets spread thru the economy and helps others...... but not by the government taking it .....

This “trickle down“ BS has been proven false many times over. It’s never worked that way and never will.



Proof: We have more wealth concentrated at the top and more billionaires than ever in history and we also have the highest levels of income inequality in the last 100 years.

 

[Hereforthesnacks]

You think these guys just stuff their mattresses with it? - No - the invest - in many other opportunities - they spread that money everywhere which benefits everyone it touches..... Why do people think "Rich" people are just greedy ? - I myself have a few million - a few businesses - and hundreds of other people benefit from it ---- .. 1 million, 10, 20, 100, 1000 - whatever it gets spread thru the economy and helps others...... but not by the government taking it .....

Lololololololololololololololol

 

[Hereforthesnacks]

You are right - they do carry risk - I personally got caught in that in 2000 in the .com crash ----- was my own fault not converting my options when I should have......

Ignorance of the market and options though are a really poor argument....

But you got a second chance with options from the same company like RJ did, right?

 

[TerryInHouston]

But you got a second chance with options from the same company like RJ did, right?

Nope.. lost 100k

 

[TerryInHouston]

This “trickle down“ BS has been proven false many times over. It’s never worked that way and never will.



Proof: We have more wealth concentrated at the top and more billionaires than ever in history and we also have the highest levels of income inequality in the last 100 years.

My last attempt.... Income Inequality.... what is that? If everyone had 2 cars and a 5 bedroom home with a pool...... would you decry the guy with 10 bedrooms?

Democrats by nature will always want everyone else to be poor.... that is Socialist. Take from everyone till noone has anything...

Venezuela? Hm.

 

[Hereforthesnacks]

Nope.. lost 100k

lol bingo. And, unlike RJ, the reason your company underperformed wasn’t directly tied to decisions you made.

 

[Riviot]

Dick Rockets and Yachts create growth and jobs ..... handing out money in neighborhoods creates Democrats.....

Your political comments are going to get this locked down. Please put it away.

 

[Hereforthesnacks]

My last attempt.... Income Inequality.... what is that? If everyone had 2 cars and a 5 bedroom home with a pool...... would you decry the guy with 10 bedrooms?

Democrats by nature will always want everyone else to be poor.... that is Socialist. Take from everyone till noone has anything...

Venezuela? Hm.

I don’t want to take anything from anyone. But I also don’t want to reward people who are mediocre at their jobs. Rewarding the mediocre with more than they deserve is….you know…pretty socialist lol

 

[Hereforthesnacks]

Your political comments are going to get this locked down. Please put it away.

Hmmmm….probably fair. Ok, turning down volume…

 

[Donald Stanfield]

My last attempt.... Income Inequality.... what is that? If everyone had 2 cars and a 5 bedroom home with a pool...... would you decry the guy with 10 bedrooms?

Democrats by nature will always want everyone else to be poor.... that is Socialist. Take from everyone till noone has anything...

Venezuela? Hm.

This is where you and I differ. I don't think children being able to eat or someone being able to afford their insulin is a political issue. Still, it is the bare minimum for a supposedly advanced society. There is a basic standard of living that we are failing to meet for everyone. Until we do people shouldn't be hoarding billions of dollars.

No one here is advocating for the end of wealth, but the truth is that a person who makes $ 500,000 a year gets paid only 0.01% of what RJ's pay package here is. I've asked several people here, and so far, no one has had a valid answer, so I'll pose the question to you. How is someone's quality of life improved from $100 million to $ 1 billion? 100MM is 10X less than 1B, yet no one here has been able to supply a reason why our society should be set up where that kind of wealth exists.

Especially with Rivian getting government-subsidized Department of Energy loans. How can anyone justify providing public money so someone can hoard billions of dollars when you can throw a rock and hit three people who avoid going to the doctor when sick because they can't afford the bill?

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