Tesla Board Chair Calls Debate Over Elon Musk’s $1t Pay Package ‘a Little Bit Weird’

In Brief

With Tesla shareholders group to ballot connected a projected 10-year, $1 trillion compensation package for CEO Elon Musk successful November, committee chair Robyn Denholm said to The New York Times to take sides what would beryllium the largest salary package successful firm history.

Denholm, who was besides connected nan typical committee that put nan compensation connection together, based on that Musk needs to beryllium motivated by bonzer challenges tied to bonzer compensation. At nan aforesaid time, she suggested he’s little willing successful nan further wealthiness that nan promised Tesla shares would represent, and much successful nan voting power.

“I deliberation it’s a small spot weird talking astir nan dollars erstwhile it’s really nan voting influence,” said Denholm, whom The Times described arsenic “occasionally appearing sick astatine ease” during nan interview.

It mightiness besides look counterintuitive to connection specified a monolithic salary package erstwhile Tesla’s profits and conveyance income are falling, but Denholm insisted that nan scheme is astir “future performance.”

“It’s not astir past performance,” she said. “He gets thing if he doesn’t execute against nan goals.”

As TechCrunch antecedently noted, the package’s goals are considerably little ambitious than immoderate of nan promises Musk has made astir Tesla successful nan past.

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