BusinessFILE - Tesla CEO Elon Musk waves as he leaves the Tesla Gigafactory for electric cars in Gruenheide near Berlin, Germany on March 13, 2024. Tesla shareholders are charting the future of the electric vehicle company Thursday, June 13, 2024, as they wrap up voting whether or not to restore Musk's massive pay package that was thrown out by a Delaware judge.
It had been tossed out by a Delaware judge in January who said the process for approving it was “deeply flawed.” The court ruled that Musk controlled the company's board, and shareholders weren't fully informed. No matter the outcome, Musk's package — the largest award to a CEO of a U.S. public company — is far above what's been granted to other chief executives. Here's how the package compares:. If you multiply that by 10 to get $163 million for a decade of work, Musk's earnings still would be 275 times greater.