Tesla board chair: Elon Musk pay package less about compensation and more about voting influence

Executive Compensation & Governance - The primary concern regarding Elon Musk's compensation package is ensuring sufficient voting influence to prevent adverse AI-related outcomes, rather than the compensation itself [1] - The company explored granting supermajority voting rights but found it unfeasible post-IPO [2] - The compensation plan separates voting rights from economic value [2] Incentive Structure & Shareholder Value - Elon Musk will not receive the economic benefits of the plan until at least seven and a half years, even if performance targets are met within the first five years [3] - Shareholders are designed to receive returns earlier than Elon Musk if he achieves the plan's objectives [3] - The economic value serves as an incentive for Elon Musk to remain with the company and continue delivering long-term value [3]