Reported 5 months ago
The article discusses how CEO compensation levels are increasing across various companies, not just at Tesla with Elon Musk. Median total CEO compensation rose 11.4% in fiscal 2023 to $23.7 million, with more CEOs receiving pay packages exceeding $50 million. Companies like Broadcom and Palo Alto Networks saw their CEOs earning significant amounts in pay and exercised stock options. While Musk's $56 billion compensation deal is being reconsidered by Tesla shareholders, not all CEOs are seeing approval for such high compensation, as seen with 3M's former CEO. The article also delves into how past CEO compensation deals, like those of Larry Ellison and Ray Irani, have influenced today's compensation levels.
Source: YAHOO