"I think it's a little bit weird talking about the dollars when it's actually the voting influence,"
"occasionally appearing ill at ease"
"It's not about past performance,"
"He gets nothing if he doesn't perform against the goals."
A proposed 10-year, $1 trillion compensation package for Elon Musk would be the largest in corporate history and is structured around future performance milestones. The package ties massive equity grants to specific goals that must be met for Musk to receive awards. The board frames the incentive as necessary to motivate Musk for extraordinary challenges and to secure voting influence through share grants rather than immediate personal wealth. The proposal is set for a shareholder vote in November amid declining Tesla profits and vehicle sales. The plan provides no payout unless the stated future targets are achieved.
Read at TechCrunch
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