Tesla offers pay package to CEO Elon Musk that could be worth up to $1 trillion
Tesla offers pay package to CEO Elon Musk that could be worth up to $1 trillion
www.cbsnews.com Tesla offers pay package to CEO Elon Musk that could be worth up to $1 trillion
Tesla is asking shareholders to approve a pay package that would award 423 million shares to CEO Elon Musk if he hits certain milestones.
Tesla's board of directors is asking shareholders to approve a new pay package for CEO Elon Musk that could be worth up to $1 trillion in a decade, representing one of the richest compensation packages in corporate history.
According to a regulatory filing published Friday, the electric car maker's board wants to award Musk about 423 million shares, which today have a value of $143 billion, if the company hits certain profitability, production and market capitalization milestones.
