Tesla board chair reiterates widely unmentioned point of Musk comp plan
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Tesla board chair reiterates widely unmentioned point of Musk comp plan
"Critics of the proposed pay package, which would pay Musk $1 trillion if he completes every tranche, routinely cite the sheer size of the payday. Of course, many skeptics leave out the fact that he would only get that money if he were able to generate eight times the value the company currently has. For Musk, it might have a little bit to do with money, but that is likely a very small percentage point of why the compensation package is being offered to him."
"It's called compensation, but it's not like I'm going to go spend the money. It's just, if we build this robot army, do I have at least a strong influence over that robot army, not current control, but a strong influence? That's what it comes down to in a nutshell. I don't feel comfortable wielding that robot army if I don't have at least a strong influence."
The proposed CEO compensation would only deliver its headline payout if Tesla achieves roughly eight times its current market value, creating extreme performance hurdles for each tranche. Many criticisms focus on the headline size while overlooking those stringent value and execution targets. Elon Musk frames the package less as personal wealth and more as a means to secure enduring voting influence to protect his role and oversight, particularly if Tesla develops extensive robotics. Tesla is actively campaigning for shareholder approval to retain Musk and preserve leadership continuity, emphasizing voting control and long-term strategic influence as core objectives.
Read at TESLARATI
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