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Tesla CEO Elon Musk could leave if $56 billion pay package not approved, shareholders warned
‘This is obviously not about the money,’ Tesla’s board chair writes — presumedly with a straight face.
Tesla board chair Robyn Denholm is calling on the company’s shareholders to approve Elon Musk’s massive $56 billion pay package or risk driving the billionaire CEO to greener pastures. The vote to approve the $56 billion pay package, which would make Musk the most highly compensated chief executive in modern history, is “not about the money,” Denholm insists. Denholm implying that Musk needs “motivation” in the form of the largest pay package ever approved for a CEO in order to stay at Tesla speaks to the fear many investors feel about his future at the company.
Or read this on The Verge
