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The new Pope, Pope Leo XIV, has spoken out about the income gap between workers and the wealthiest, specifically citing controversial businessman Elon Musk and his recently announced nearly $1 trillion pay-package. Speaking to Crux Now, Pope Leo said a “very significant” issue today is the “continuously wider gap between the income levels of the working class and the money that the wealthiest receive.”
“For example, CEOs that 60 years ago might have been making four to six times more than what the workers are receiving, the last figure I saw, it’s 600 times more than what average workers are receiving,” he said.
Pope Leo went on to cite Tesla’s recent announcement that it would pay Musk up to about $1 trillion, making him the first (publicly known) 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,” Pope Leo said.
Tesla’s board recently approved a performance-based compensation plan for Musk, the company’s CEO, that would pay him around $975 billion if he can drive Tesla’s revenue up from where to stands today, at about $1 trillion, to $8.5 trillion. Musk would have to achieve various
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