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I have no idea how the shareholders approved that $50 billion pay package (now worth more than $100 billion).
by dh2022 2y ago
I have no idea how the shareholders approved that $50 billion pay package (now worth more than $100 billion).
- rossdavidh 2y agoI'm not necessarily a Musk fan, but it was (as I understand it) based on the percentage increase in their share price, something like 10% of the increase in the value to shareholders would go to him. So, for every dollar the shareholders gave him, they got 9 dollars (approximately). So they didn't expect it to be as big as it was, because the appreciation in Tesla's stock price was crazy big. Matt Levine of Bloomberg has written on this in more detail.
- renewiltord 2y agoThe man made us a lot of money. I'm happy to pay him for that. And I'll do it again.