"If Mr. Musk fails to meet the specified milestones, he will receive nothing,"
"If he succeeds, both Mr. Musk and shareholders stand to benefit significantly,"
"Tesla's chair urged investors to "vote yes to robots" and reject "robotic" advice from proxy firms."
Egan-Jones Proxy Services recommended shareholders vote for the 2025 CEO Performance Award under its Wealth-Focus Policy while urging votes against the award under ESG and accountability frameworks. Institutional Shareholder Services and Glass Lewis recommended rejecting the package outright. The compensation plan ties payouts to 12 performance milestones, including an $8.5 trillion market capitalization, $400 billion in adjusted earnings, 20 million vehicle deliveries, and 10 million active Full Self-Driving subscriptions. If Musk fails to meet the milestones he receives nothing. Egan-Jones estimated a potential ~800% shareholder stock-value increase if all targets are met, while warning of governance and equity risks.
Read at Business Insider
Unable to calculate read time
Collection
[
|
...
]