"But the stock has soared anyway and now he wants the company to pay him more a lot more. Shareholders gathering Thursday for Tesla's annual meeting in Austin, Texas, will decide in a proxy vote whether to grant Musk, the company's CEO and already the richest person in the world, enough stock to potentially make him history's first trillionaire. It's a vote that has sparked heated debate on both sides"
"The pay is necessary to incentivize him, they say, and keep him focused. Musk has threatened to walk away from the company if he doesn't get what he wants and has blasted some of the package's critics as corporate terrorists. The graphic above shows the milestones required for Elon Musk to receive a $1 trillion pay package from Tesla. (AP Digital Embed) What is up for a vote To"
Elon Musk's political foray reduced many potential Tesla buyers and pushed sales down while Tesla's stock soared. Shareholders will vote on a stock-based pay package that could make Musk the first trillionaire. Several pension funds oppose the package, arguing the board is too beholden to Musk, his recent behavior is reckless and the proposed compensation is excessive. Supporters argue Musk is essential to deliver a future of hundreds of thousands of self-driving Teslas and humanoid robots. Musk has threatened to leave if the package is rejected and has attacked critics. Musk controls 15% of voting shares and the board filed a 200-page regulatory document outlining the proposals.
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