Tesla Board Proposes $1 Trillion Pay Package For Musk If Ambitious Goals Are Met
Tesla's board has proposed a unique compensation scheme for CEO Elon Musk, which could potentially be up to $ 1 Billion if the company achieves ambitious development goals. The proposal is associated with Tesla's performance in areas such as market evaluation, income extension and profitability benchmarks. The package, which dwarfs any previous salary agreement, reflects Musk's central role in Tesla's innovation and runs global dominance in electric vehicles and pure energy solutions. However, it is also likely to discuss whether corporate administration, performing wage rights and shareholder interests. The supporters claim that Tesla led the Musk has played an important role in converting one of the world's most valuable companies, while critics questioned whether such large payment is appropriate. The plan will require approval of the shareholder and can put a historical example in executive compensation when approved.
The Key points
- The Tesla board has proposed a $ 1 Billion compensation scheme for Elon Musk.
- Strict performance and development of milestone.
- Potential payment is higher than the previous working wage protocol.
- Objectives include income extension and constant profitability.
- Market assessment is central to the goal scheme.
- Essential shareholder approval before implementation.
- The supporters quoted Musk's role in Tesla's global success.
- Critics raise concern about corporate administration questions.
- Compensation scheme can discuss executive wage legal skills.
- Approval can provide an example for future CEOs.
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