Tesla board chair calls debate over Elon Musk's $1T pay package ‘a little bit weird'

Core Viewpoint - Tesla is proposing a 10-year, $1 trillion compensation package for CEO Elon Musk, which would be the largest in corporate history, set for a shareholder vote in November [1] Group 1: Compensation Package Details - The compensation package is designed to motivate Musk with extraordinary challenges linked to extraordinary compensation [2] - The proposal emphasizes future performance rather than past achievements, with Musk receiving nothing if he does not meet the set goals [3] Group 2: Board Chair's Perspective - Board chair Robyn Denholm highlighted that Musk is more interested in the voting power associated with the shares than the wealth they represent [2] - Denholm acknowledged the unusual nature of discussing the financial aspect when the focus should be on voting influence [3] - Despite Tesla's declining profits and vehicle sales, Denholm defended the package as a strategy for future performance rather than a reflection of current results [3]