Pope Leo XIV has expressed sharp criticism of corporate salary structures that appointed Tesla CEO Elon Musk and other business leaders as examples of the expanded gap between managers and ordinary workers. The pontiff warned that excessive wealth concentration could erode societal values and fuel global polarization.
Pope Leo XIV’s comments seem to be guided by a misunderstanding of what Elon Musk’s salary package entails, and the net positive it would result for TSLA shareholders and the world as a whole.
Pope Leo XIV’s comments
In his first conversation, since he became a pope in May, Leo XIV, the first US-born leader of the Catholic Church, pointed to reports that Musk could become the world’s first billionaire. As noted in a report from Financial timesPope Leo XIV designated Elon Musk as an example of the type of wealth that undermines “the value of human life, the family, of the value of society.”
“Yesterday, the news (arrived) that Elon Musk will be the first billionaire in the world. What does it mean and what is it about? If that’s the only thing that has any value more, then we’re in big trouble,” said Pontiffen.
Musk was not the only performer to capture the leader of the Catholic Church. He noted that although Musk’s salary was problematic, it was only one example of the “continuous wider gap between the working class’s income levels and the money that the richest receives.”
“CEOS, who 60 years ago may have done four to six times what the workers receive, the last number I saw, it’s 600 times what average workers receive,” he said.
Carried out of wrong representation
A look at Pope Leo XIV’s comments about Elon Musk’s wealth suggests that he may not be aware of how the CEO earns his net worth. Musk’s wealth is tied to his efforts in his businesses, with a good part of what comes from Tesla and SpaceX. Thus, contrary to what the mainstream media narrative may imply, Elon Musk does not necessarily have a huge vault of gold coins he stores somewhere.
If you were to look at Elon Musk’s salary package, which would result in him becoming a billionaire, you would see that CEO could only earn his team if he shows a huge value for Tesla and its shareholders.
His payment may be remarkable, but he should first lead Tesla to become a $ 8.5 trillion trillion business. At this level, Tesla would probably be a remarkably good force that would give a net benefit to people around the world. Ultimately, it seems that Pope Leo XIV’s comments about Musk can be carried by information that is only gathered through mainstream sources, some of which tend to have a remarkable slant against CEO.