Reported about 19 hours ago
Elon Musk's unprecedented executive compensation plan from Tesla could allow him to earn tens of billions of dollars even if he fails to meet many of the ambitious performance targets set by the company's board. According to analysis, Musk could collect over $50 billion by achieving just a few of the easier goals, with expectations that reaching modest vehicle sales could result in payouts significantly above those of the highest-paid CEOs. The board's proposal contains vague performance metrics that could lead to large stock awards without necessitating any groundbreaking product innovations, highlighting concerns over corporate governance and accountability.
Source: YAHOO