Core Viewpoint - Tesla's board has granted CEO Elon Musk a compensation package worth up to $29 billion, making him the highest-paid CEO in history, amid ongoing legal challenges regarding his previous compensation plans [2][5]. Summary by Sections Compensation Package Details - The new compensation plan allows Musk to receive the reward simply by continuing to serve as CEO or an executive for the next two years, without performance targets [2][4]. - Musk's stock ownership is expected to increase from approximately 13% to 15% by holding the awarded shares until 2030 [2]. - The package includes a "floor" value of $26 billion, linked to the outcome of ongoing litigation regarding his previous stock options [4][5]. Legal and Governance Context - Tesla's board has made it more difficult for shareholders to challenge Musk's compensation by moving the company's registration from Delaware to Texas, where laws are perceived to be more favorable for corporate governance [7]. - A new threshold requires shareholders to own at least 3% of Tesla's shares to contest Musk's pay, which corresponds to a value exceeding $3 billion [7]. Market Performance and Investor Reactions - Tesla's market value has fluctuated significantly, with a drop of over 18% since the beginning of the year, raising concerns among investors about the appropriateness of Musk's compensation [6][9]. - While many retail investors support Musk and have voted in favor of his compensation, institutional investors express dissatisfaction, citing concerns over the company's performance and governance [8][9].
埃隆·马斯克蝉联史上最高薪CEO