$1 trillion — that’s how much Tesla shareholders approved as a compensation package for Elon Musk.It’s the largest payout ever awarded to a CEO, but it isn’t without some caveats, as @EdLudlow explains https://t.co/w4E2bAmTXg https://t.co/4hS4svZ4UV ...

JOE: FROM BLOOMBERG'S WASHINGTON STUDIO TO TV AND RADIO AUDIENCES WORLDWIDE, WE WELCOME YOU TO "BALANCE OF POWER. " WE START WITH BREAKING NEWS -- TESLA SHAREHOLDERS HAVE JUST APPROVED A TRILLION DOLLAR COMPENSATION PACKAGE FOR CEO ELON MUSK, THE LARGEST PAYOUT EVER AWARDED TO A CORPORATE LEADER. WE START OUR PROGRAM THERE WITH ED LUDLOW, THE COHOST OF BLOOMBERG TECH. SHAREHOLDERS HAVE HAD THEIR SAY AND THERE ARE STRINGS ATTACHED FOR MUSK TO MAKE THIS MUCH MONEY. ED: SHAREHOLDERS HAVE HAD THEIR SAY, AND IN ...

Core Points - Tesla shareholders approved a compensation package for CEO Elon Musk that could be worth close to $1 trillion, with over 75% voting in favor of the plan [1][2] Group 1: Compensation Package Details - The approved payment package will grant Musk more than 423 million additional shares, increasing his stake to about 25% if Tesla meets specific goals over the next decade [2] - For Musk to receive the full compensation, Tesla's market capitalization must increase from $1.5 trillion to $8.5 trillion within 10 years, alongside achieving targets such as selling 12 million more cars and operating 1 million Robotaxis [3] Group 2: Support for Musk's Pay Package - Tesla chair Robyn Denholm indicated that Musk may leave the company if the plan was denied, suggesting that Tesla would lose significant value without him [4] - Support for Musk's compensation plan came from various stakeholders, including Counterpoint Global and the Florida State Board of Administration, emphasizing that Musk's leadership has led to substantial success and shareholder returns [4]

Tesla shareholders have just approved $1,000,000,000,000 compensation package for CEO Elon Musk, the largest payout ever awarded to a corporate leader. We start our program there right now with Ed Ludlow, the co-host of Bloomberg Tech. And shareholders have had their say.And there are strings attached for Musk to make this much money. Shareholders have had their say, and in the end, more than 75% of the vote went in favor of the compensation package, which is notable given that Elon Musk's concern And last ...

Executive Compensation - Tesla shareholders approved a $1 trillion compensation package for CEO Elon Musk [1] - The package represents the largest payout ever awarded to a corporate leader [1]

Compensation Analysis - Elon's compensation package is valued at half the value of the entire Bitcoin network [1] - The Bitcoin network's total value is one trillion dollars [1]

Compensation Package & Governance - The proposed compensation package for Elon Musk is a 10-year plan, potentially worth $1 trillion, split into two tranches, contingent on operational and financial milestones [1] - Operational milestones include delivering 20 million vehicles, building 1 million robots, and scaling robotaxi service to 1 million cars [2] - Financial targets involve adjusted EBIT and market capitalization goals, with voting power tied proportionally to milestone achievement [3] - A key point of contention is voting power, particularly for institutional investors and advisory services recommending against the package [3][6] - The board views Musk as irreplaceable, stating he is the only person capable of achieving the set goals [5] - One mandatory requirement for later tranches is Musk's participation in a succession plan, including identifying a successor by year ten [11][12] Shareholder Concerns & Key Man Risk - Major shareholders like Norway's sovereign wealth fund (ninth largest) and CalPERS have voted against the package, citing key man risk [8] - These shareholders believe there is excessive reliance on a single individual, Elon Musk [9] - There are concerns about Tesla potentially funding Elon Musk's other ventures, such as X (formerly Twitter), particularly regarding capital expenditures for data center infrastructure [17] Market & Product Strategy - There is consideration of scrapping the electric version of Ford's F-150 truck [14]

Executive Compensation - A second major proxy advisor urges Tesla shareholders to vote against CEO Elon Musk's $1 trillion compensation package [1] - The board is working to secure investor support for the compensation package [1]

Tesla's board chair is defending a proposed 10-year, $1 trillion compensation package for CEO Elon Musk. https://t.co/6tRFETZBs1 ...

Core Insights - Tesla's board has crafted a new $1 trillion compensation package for CEO Elon Musk, aimed at motivating him to achieve 12 ambitious operational milestones, including increasing Tesla's valuation to $8.5 trillion and selling approximately 12 million cars over the next decade [1][2] Group 1: Compensation and Goals - The compensation package is designed to incentivize Musk to meet specific operational milestones [1] - Key milestones include reaching a valuation of $8.5 trillion and selling around 12 million cars in the next ten years [1] Group 2: Musk's External Ventures - Tesla's chair, Robyn Denholm, stated that Musk's involvement in various external ventures, such as SpaceX and Neuralink, positively impacts Tesla by providing motivation and resources [2][3] - Denholm emphasized that Musk's creative energies from outside endeavors benefit Tesla, despite some skepticism about this perspective [3] Group 3: Political Involvement - Tesla's board has expressed concerns regarding Musk's political involvement and has sought assurances that it will diminish in a timely manner [4] - Denholm acknowledged Musk's right to engage in politics but indicated that his previous roles in administration are behind him [4][8] Group 4: Investor Sentiment - Some investors and analysts have voiced concerns about Musk's focus, suggesting that the board should establish ground rules for his political activities [9][10] - Ross Gerber, an early Tesla supporter, argued that the company would benefit from a different CEO who could refocus on Tesla's core mission [11]