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?