Tesla CEO Elon Musk speaks before unveiling the Model Y at Tesla's design studio in Hawthorne, California in 2019. Photo: Jae C. Hong/AP 'Not an Easy Payday': Musk's Tesla Compensation Aimed at Boosting Carmaker's Value, Board Member Says
"I thought it created the type of ambitious plan that Elon tends to thrive best at," said the chair of the committee that approved the plan.
November 14, 2022 at 07:05 PM
4 minute read
Corporate Governance
The chair of the committee that negotiated Elon Musk's $55 billion compensation plan and Tesla's former general counsel testified Monday that the plan was designed to push Musk to meet challenging market cap and performance milestones, not to make for an easy payday.
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