The payout would be the biggest compensation package in U.S. corporate history. Is the billionaire and Tesla founder worth the money?
In the history of U.S. corporate pay packages, there have been plenty of massive payouts worth almost $1 billion in today's dollars. But none comes close to the $46 billion pay deal Tesla shareholders on Thursday handed to CEO Elon Musk . The results of the shareholder vote, which concluded today, were announced during Tesla 's annual meeting, prompting a standing ovation from shareholders attending the Thursday event.
How much does Musk earn from Tesla? Tesla hasn't paid Musk a base salary since 2019, according to the company's regulatory filings. Instead, his compensation has been paid through 'performance awards' of stock options that are based on Tesla hitting certain milestones, such as vehicle production or increasing the company's market value.
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