Elon Musk, CEO of Tesla Inc. (NASDAQ:TSLA), has been awarded a $1 trillion pay package, a first in global corporate history. Earlier this month, this compensation plan was approved by Tesla shareholders.What Happened: The pay package, structured to motivate Musk’s performance, sets high targets for him to qualify for any remuneration. However, critics have pointed out potential loopholes that could allow Musk to reap substantial benefits by making grand promises and delivering just enough to secure a significant reward.The package comprises 12 tiered grants of restricted stock, each unlocked by achieving a valuation and an operational goal. The market cap triggers start at $2 trillion and increase by increments of $500 billion to a peak ...Full story available on Benzinga.com
Elon Musk Moves Closer To $1 Trillion Tesla Prize — Should Shareholders Worry?
