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The Conversation
The Conversation
Brad Elphinstone, Lecturer in psychology, Swinburne University of Technology

How much money do you need to be happy? Here’s what the research says

Elon Musk United States Tesla Inc. Aristotle Australia Inequality

Over the next decade, Elon Musk could become the world’s first trillionaire. The Tesla board recently proposed a US$1 trillion (A$1.5 trillion) compensation plan, if Musk can meet a series of ambitious growth targets.

Australia’s corporate pay packets aren’t quite on that scale. Yet even here, on Friday it was reported departing Virgin chief executive Jayne Hrdlicka will collect nearly $50 million in shares and other cash benefits on her way out the door.

Research from the United States suggests people think the average CEO earns ten times more than the average worker – and would prefer it was closer to only five times more.

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