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Business, Spoken
The $50 Billion Musk Referendum
Jun 13, 2024
Elon Musk's $50 billion bonus referendum at Tesla, controversies surrounding the pay package, concerns about competition, lobbying efforts, and potential impact on Musk's priorities and political affiliations.
07:12
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Quick takeaways
- Elon Musk's $50 billion pay package at Tesla is tied to surpassing financial targets, reflecting a unique compensation structure.
- Tesla's lobbying efforts and shareholder resistance highlight the significance of the vote on Musk's pay package for the company's future.
Deep dives
Elon Musk's $50 Billion Pay Package Referendum
Elon Musk's $50 billion pay package at Tesla has sparked significant debate among shareholders. Musk tied his pay at Tesla to surpassing financial targets, including boosting the company's market value to $650 billion. Despite investor resistance, Musk hit the targets, leading to him demanding the massive payout. The vote on Musk's compensation signifies a shift in the relationship dynamic between Musk and Tesla.
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Discover
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