Elon Musk's 2018 CEO Performance Award, as it is officially called, is massive, totaling $56 billion. But how did it get to be that big? Musk was given 10 years of performance targets to hit, targets that when reached would
She also noted that the working group working on the pay package included general counsel Todd Maron who was Musk’s former divorce attorney. “In fact, Maron was a primary go-between Musk and the committee, and it is unclear on whose side Maron viewed himself,” the judge wrote. ...
The pay package was originally approved in 2018, consisting of 12 tranches of stock options tied to 12 targets for Tesla’s growth, each of which has been hit. As Musk’s compensation is tied to stock, its value has fluctuated with the price of the company’s shares. In 2021, it was ...
Tesla has touted Musk's accomplishments for theEV giantsince his pay package was initially approved by shareholders in 2018, writing on its website that Musk has delivered a total shareholder return of nearly 1,100% since then and adding that if he had "failed to achieve unprecedented growth ...
Tesla CEO Elon Musk says the electric vehicle company's shareholders are voting "by wide margins" to approve his multibillion-dollar pay package.
It’s unclear what Musk plans to do if he doesn’t receive his $56 billion pay package — though he’s claimed that without the money, staying on at Tesla as CEO is out of the question. The richest man in the world apparently has 411 million shares of Tesla, with about half of tho...
Troy Wolverton
A Delaware judge voided the $56 billion pay package Tesla gave Elon Musk, CEO of the electric automaker, after finding the company failed to show it was fair.
Musk's defense of the pay package failed to explain why the "historically unprecedented compensation plan" was necessary to motivate the CEO to achieve “transformative growth," the judge said.
Elon Musk isn’t going to get that $55 billion pay package after all,a Delaware Court of Chancery judge has ruled. The ruling means Tesla’s board will need to come up with a new proposal. The ruling threatens Musk’s fortune if it makes it through an appeal,Bloombergreports. Withou...