马斯克薪酬方案仍面临重重阻挠

Core Points - The article discusses the compensation plans for Elon Musk at Tesla, detailing the structure and outcomes of past and proposed future plans [1] Group 1: 2012 Compensation Plan - The 2012 plan aimed to unlock in 10 stages, requiring a $4 billion increase in market value and the completion of an operational goal for each stage [1] - By 2018, Tesla's market value reached $50 billion, allowing Musk to meet the targets [1] - Musk was granted approximately 5% of Tesla's common stock through 5.27 million stock options at an exercise price of $31.17 per share [1] Group 2: 2018 Compensation Plan - The 2018 plan was structured in 12 stages, with each stage requiring a $50 billion increase in market value and the completion of an operational goal [1] - By 2021, Tesla's market value surpassed $650 billion, and revenue targets were met, leading to Musk's potential acquisition of 12% of Tesla's shares, with theoretical earnings exceeding $55 billion [1] - Legal disputes arose regarding the fairness of the compensation plan, with a Delaware court ruling it unfair to shareholders in January 2024, followed by a shareholder vote to approve it in June 2024, and subsequent court rejections [1] Group 3: Proposed 2025 Compensation Plan - The proposed 2025 plan consists of 12 stages, requiring either a $500 billion or $1 trillion increase in market value and the completion of operational goals [1] - The plan could grant Musk over 423 million shares, increasing his ownership to approximately 25%, with a potential value nearing $1 trillion [1] - There are significant disagreements regarding the plan, with advisory firms ISS and Glass Lewis urging shareholders to oppose it due to potential dilution of shareholder equity, while Tesla defends the plan by highlighting the company's achievements under Musk's leadership [1]