Tesla says CEO Elon Musk to get paid only when company performs well - News Summed Up

Tesla says CEO Elon Musk to get paid only when company performs well


(His calculations were based on the stock price at the beginning of this year when the company was worth about $50 billion. )Still, he contended, "I actually see the potential for Tesla to become a trillion-dollar company within a 10-year period. "As executive compensation plans go, Tesla's is about as friendly to shareholders as they come. That package also paid Musk only when he reached certain market value and operational benchmarks. "To afford to live, Musk has borrowed against his shares, a practice that some corporate executives have questioned.


Source: Economic Times January 23, 2018 08:55 UTC



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