SAN FRANCISCO - Tesla Inc Chief Executive Elon Musk is coming close to earning the first $346 million tranche of options in a record-breaking pay package, after the electric vehicle maker’s stock more than doubled in the last three months.
A full payoff for Musk, who is also the majority owner and CEO of the SpaceX rocket maker, would surpass anything previously granted to U.S. executives, according Institutional Shareholder Services, a proxy advisor that recommended investors reject the pay package deal at the time. Musk’s potential payout compares to the $638 million received by Snap Inc founder Evan Spiegel in 2017 after the social network company’s initial public offering. In 2018, Walt Disney CEO Robert Iger earned stock grants worth as much as $149.6 million, including awards related to Disney’s purchase of film and television assets from Twenty-First Century Fox.Musk has transformed Tesla from a niche car maker with production problems into the global leader in electric vehicles, with U.S.
Tesla was valued at about $53 billion when shareholders approved the pay package in January 2018 and faced a cash crunch, production delays and increasing competition from rivals. It was viewed as massively ambitious because it implied the company’s value could grow as much as ten-fold in 10 years.
He still has to work a lot on his stage moves.
oh cool so he paid some of that to the former employee he swatted as compensation for being a gigantic jackass or what
👏👏👏👏👏
Elon 🇨🇳✌️
Tesla is an asshole car.
shame
Playing cool with the money of the Chinese people
Ugh
Crazy and stupid man use the Chinese people's monet.
EatTheRich
Price manipulation at its finest
elonmusk jimcramer CNBC WSJ MarketWatch TheEconomist business In 2018, Tesla's board and shareholders authorized an unparalleled compensation plan for Musk, allowing him to earn options worth potentially more than $55 billion over the next decade.
Other CEOs are payed 10-100 million USD every year, even if the stock goes down and sales fall.
An incredibly rich man gets richer...such a feel good story, especially in January when everyone tends to be a little poor.
musk builds TESLA cars in china.. go ..genius
he's a pedophile
Because yea, keep widening that gap.
*wsb intensifies*
He really has nothing to do, does he? boring
Who’s That Clown?
elonmusk needs a supervillain enemy in the worst way. I'll bet he has a stockpile of tech like TonyStark, and we won't ever get to see it unless the Earth is threatened.
Good for him!
YEAAAAAAH 🚴
cheater dancing
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