"The stakes are high, and not just because we're talking about a salary that would dwarf most countries' GDPs. Tesla chair Robyn Denholm warned voting against it could risk Musk leaving the company entirely. As of this morning, prediction markets have the pay package getting approved as the heavy favorite. But there have been some vocal opponents, including the world's largest sovereign wealth fund."
"It's $1 trillion, with a catch: As big as $1 trillion is, the package is contingent on a series of goals, including raising Tesla's market cap to $8.5 trillion. If Tesla's valuation were to increase that much over the next decade - it's currently worth roughly $1.43 trillion - some feel that's a fair reward for the work Musk would need to do to get there."
Elon Musk's proposed Tesla compensation package could be worth up to $1 trillion if a series of ambitious milestones are met, including raising Tesla's market capitalization to $8.5 trillion. Shareholders will vote on the plan and prediction markets currently favor approval. Supporters such as Cathie Wood, Wedbush and Charles Schwab argue Musk's leadership has driven about 215% share growth over five years and that his continued role matters as Tesla shifts toward AI. Opponents, including large institutional investors and the world's biggest sovereign wealth fund, cite governance concerns and the package's enormous size.
Read at Business Insider
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