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Elon Musk's $45 billion pay package controversy, court ruling, shareholder approval, and Musk's influence over Tesla's governance are discussed in this episode.
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- Shareholders approved Musk's pay to boost Tesla's market cap.
- Concerns over Musk's influence on his own pay package.
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Elon Musk's $45 Billion Pay Package
Tesla's board of directors and shareholders approved a pay package for Elon Musk, with the aim of increasing Tesla's market capitalization and revenue significantly. Musk would receive additional shares based on achieving set milestones to make Tesla a $650 billion company. Despite legal challenges due to perceived excessive control over Tesla, shareholders later reinstated Musk's pay package, possibly influenced by his charismatic leadership, potential impacts on Tesla's stock price, and the fear of losing him from the company.
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