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Pope Léon XIV Denounces Soaring CEO Pay, Questions Musk’s Proposed Tesla Package

The remarks have drawn rebuttals defending market-based, performance-tied pay.

Overview

  • Crux published excerpts on September 14 from a July 30 interview, the pope’s first since his May election.
  • Léon XIV linked widening income gaps to deepening polarization and urged society not to lose its sense of values.
  • He contrasted past CEO-to-worker pay ratios of four to six times with what he said is roughly 600 times today.
  • Citing Elon Musk, he questioned a proposed 1,000 billion dollar ($1 trillion) Tesla compensation plan, asking what such pay signifies.
  • A Contrepoints response argued Musk’s wealth reflects market valuations and that any large payout would depend on Tesla hitting ambitious targets, while noting global inequality trends alongside poverty reduction.