"Supporters say Musk is a genius who is the only person capable of ushering in a Tesla-dominated future in which hundreds of thousands of self-driving Tesla cars - many without steering wheels - will ferry people and humanoid Tesla robots will march around factories and homes, picking up boxes and watering plants. 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." What is up for a vote To get his Tesla shares, Musk has to secure approval from a majority of the company's voting shareholders. Improving the odds, Musk gets to vote his own shares, worth 15% of the company."
Elon Musk's political foray dampened demand for Tesla cars and caused sales to plunge while Tesla's stock nonetheless rose significantly. Shareholders will vote on a proposed stock package that could make Musk the first trillionaire. The proposal has generated heated debate and criticism from pension funds that say the board is too beholden to Musk, that his behavior has been reckless, and that the compensation is excessive. Supporters portray Musk as essential to a future of mass self-driving cars and humanoid robots and say large pay incentives are needed to retain him. Musk has threatened to leave and criticized opponents as "corporate terrorists." The filing announcing the package runs 200 pages and includes other proposals such as allowing Tesla to invest in xAI and board elections, and Musk holds about 15% of the voting power.
Read at Fast Company
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