Tesla is proposing to give CEO Elon Musk $2.6 billion dollars amortized in a 10 year period. Shareholders in particular argue that it is too lucrative for Musk, dilutive to shareholders, and does not require exceptional performance to earn this amount of money.
Tesla's proposal ties Musk's salary to benchmarks like increasing the company's current market value from $56 billion to $650 billion within the 10 year period.
Ultimately, the goal is to provide incentive for Musk to stay Tesla's top executive, or in an alternate chief position for years to come.
Each vesting period within the 10 years require benchmarks to be met in order to receive this extraordinary compensation.
If Musk achieves these lofty goals, he will own over 28% of Tesla.
Shares of Tesla has increased over 33% in the past year so the company is on an awesome trajectory.
Source: marketwatch
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