B1 – Intermediate
Elon Musk has received the biggest pay deal in history amounting to $56 billion. This pay is 3,000 times the normal salary for CEOs in America. As a point of reference, the average income in US is $59,384.
Earlier this year, Musk’s pay deal was blocked by a court. According to the judge, that amount was not fair. However, Tesla shareholders thought the opposite and said Musk has shown incredible business expertise. They believe this is for the good of the company. They also considered that this pay deal is fair considering what Musk has done for the business.
Read this article about Elon Musk’s record-breaking pay deal.
https://breakingnewsenglish.com/2406/240617-record-breaking-pay-deal-5.html
Vocabulary Questions:
- What does “shareholder” mean? “The judge said the size was unfair. However, over 70 per cent of shareholders said it was in Tesla’s best interests.” Use this term in a sentence.
- What does “base” mean in this context? “We have the most awesome shareholder base.” Use this word in a sentence with the same meaning.
- What does “a ringing endorsement” mean? “He said the vote was “a pretty ringing endorsement“.” Use this term in a sentence.
Discussion Questions:
- Share your opinion about Elon Musk’s huge pay deal.
- Do you think CEO’s and higher management should be paid an incredibly huge amount of money? Why or why not?
- Do you agree with the court when they tried to block his pay deal saying it was unfair? Share your opinion.
- How can a huge pay deal of the CEO impact a company?
2 replies on “Elon Musk Wins Record Pay Deal ”
1. Share your opinion about Elon Musk’s huge pay deal.
From my view, the salary is too high. I think the salary of the a CEO has to be edorsement by shareholders and it is the case of this situation, but I feel that the salary is disproportionate.
2. Do you think CEO’s and higher management should be paid an incredibly huge amount of money? Why or why not?
In my thougths everybody has to earn the maximum amount of money and a fair salary. If the company gives a hyge amount of money and solves a necessity of the society, why not? I do not have an answer. Sports stars also earn incredibly high salaries.
3. Do you agree with the court when they tried to block his pay deal saying it was unfair? Share your opinion.
If the court is abilitated to take part in the pay deal of a private company, from my side, they can. But I think it is not a responsability of the court.
4. How can a huge pay deal of the CEO impact a company?
Perhaps, can create discomfort among other employees, but I don’t know if this ultimately influences the company’s results. As I see, it does influence the emotional climate.
Interesting thoughts on this subject.
Take note of a few minor changes you can make in these sentences:
Just keep being consistent in your writing practice to improve more and more.