Business
Average Aussie needs 22 weeks to earn what Elon Musk does in 5 minutes // Motley Fool Australia
There’s always a lot of discussion about the levels of executive pay, especially in publicly listed companies that everyday retail investors own.
Do chief executives really have that hard a job? Does intelligence or business acumen deserve as big a pay packet as rare athletic or dramatic talent?
Regardless of which side of the debate you’re on, it’s amazing to see how much top executives take home compared to the average person on the street.
For example, a study has found Tesla Inc (NASDAQ: TSLA) chief Elon Musk takes just 5 minutes to earn what an average Australian does in almost six months.
According to Gigacalculator.com, a typical Australian worker needs to work for 22 weeks, 2 days and 3 hours to match what Musk makes…
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