Tesla shareholders are voting to reinstate a $56 billion compensation package for Elon Musk for past work, a highly unusual move challenging typical CEO pay structures based on future performance incentives.
While the board had the opportunity to negotiate a new, less costly compensation arrangement after the original deal was ruled unfair, they chose not to, raising questions about economic rationality.
Reinstating the package prompts speculation on the potential consequences of not meeting Musk's demands, like his resignation as CEO, referred to as the 'Incredible Hulk argument' to avoid provoking his dissatisfaction.
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