Business

Tesla’s ‘Super Ambitious’ $1 trillion deal for Musk could still pass shareholder muster

Written by Ross Kirber

New York (Reuters) -It is likely to be approved by the 10 trillion dollar package to retain the CEO of Elon Musk by shareholders at the company’s annual meeting in November, although the amount is amazing.

This is because it was designed, taking into account the maintenance of musk in its place, addressing concerns about the technical expectations of the company and giving the owners of adult companies just a sufficient reason to support the huge amount.

Earlier on Friday, the Automobile Industry Board approved what was called “the ambitious ambitious incentive package for a pioneering executive, ambitious and unique executive” determining the goals of profits and evaluation – granting millions of shares musk over the next decade if they hit them. It immediately gives 96 million shares of shares worth more than $ 31 billion in trading during the day on Friday, which expands over the next two years, in addition to further control of the company. The total compensation package is 2025 north of $ 113 billion, and the Executive Compensation Research Company was estimated.

“The payment package, which makes a great bet on the future of robots, may witness the support of shareholders,” said Taufiq Rahim, a Spacex investor and his manager in 2040 consultants. “But it raises greater social questions about the huge gains that will go to a few capital owners, which are likely to be unnecessary and will face general pressure.”

The council said in a file of securities, that the package is designed to prevent musk from leaving and directly focusing on converting Tesla into a force in artificial power and robots. She said that musk is the only person on this planet that can open the full potential of Tesla.

She said that the Compensation Committee began negotiating the Musk salary package in February, at a meeting with lawyers 37 times and directly with Musk 10 times over seven months. Some elements were not negotiable for the CEO of the events: he wanted 25 % of the company, to control the future direction of Tesla, and they are fully compensated for the 2018 payment package that was suspended in lawsuits.

Threats to leave

Musk threatened to leave more than once, and the council was concerned that the company’s talent from artificial intelligence would follow it outside the door.

31 billion dollars of bound shares, which he cannot sell for at least five years, is a partial recovery of a $ 56 billion payment plan that was canceled by the Dillauer Court last year. If musk wins in court in a specific time frame, he will not receive one time for it “so there can be no” double decline. “

Don’t miss more hot News like this! Click here to discover the latest in Business news!

2025-09-05 21:52:00

Related Articles

Back to top button