Tesla Shareholders Pitch $56 Billion Pay Package for Elon Musk | Vantage with Palki Sharma
Tesla shareholders have proposed a vote to approve a massive $56 billion pay package for the company’s CEO Elon Musk. Though Musk does not draw a salary for his work as CEO, he owns around 20% of the company. In 2018, shareholders had proposed a pay deal which would see Musk receive around 1% of Tesla shares every time he achieved a financial or operational target. The 2018 deal works out to around $56 billion over several years. A US court had blocked this deal after a few shareholders opposed the deal, but the proposal is now back on the table. Is Elon Musk worth $56 billion to Tesla? Why are CEOs paid so much amid recession fears and layoffs? Palki Sharma tells you.
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Elon Musk | Tesla | Shareholders | Pay Package | US | Firstpost | World News | Vantage | Palki Sharma
#elonmusk #tesla #shareholders #paypackage #us #firstpost #vantageonfirstpost #palkisharma #worldnews
Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.
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