During his first sit-down media interview, Pope Leo XIV criticized the way chief executive salaries far exceed those of their employees, highlighting Tesla’s trillion-dollar compensation package for Elon Musk.
The Pope’s comments coincided with Tesla’s CEO purchasing roughly $1 billion worth of Tesla shares.
“CEOs that 60 years ago might have been making four to six times more than what the workers are receiving … it’s (now) 600 times more than the average workers are receiving,” the Chicago-born pope stated.
Singling out Elon Musk’s new pay package, the Pope said, “Yesterday there was the news that Elon Musk is going to be the first trillionaire in the world. What does that mean, and what’s that about? If that is the only thing that has value anymore, then we’re in big trouble.”
Back in May, Leo also commented on the U.S. economy and political climate, saying, “The United States should be the place where many … issues are dealt with… Unfortunately, it seems to be generally recognized that the United States, at least at this moment in time, has lost its ability to bring people together on multilateral issues.”
Following Musk’s share purchase, Tesla shares jumped by 7.3% in pre-market trading today.
By CEO NA Editorial Staff
