Does the richest person on the planet need another massive pay package? That’s the decision facing the Tesla board of directors.
CEO Elon Musk doesn't receive any cash salary or bonus. He's paid only with stock options. But he has just about exhausted the options available from the compensation package he got from Tesla in 2018, a package that turned out to be the most lucrative package of stock options issued by any company, according to Courtney Yu, director of research at executive compensation firm Equilar. The 93.9 million options Musk has received so far from that package were worth $86.
" And 81% of Tesla shareholders who voted on Musk's pay package in 2018 approved of it. Other analysts believe a new package will be good for the company, as well as Musk. "Eventually the board will reload Elon's plan. And that plan will be massive, just like the last plan," said Gene Munster, managing partner at Loup Ventures."Elon thinks big, and he has massive new markets to go after and build large businesses including autonomy and robots.
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