Musk could leave Tesla if $1 trillion pay plan is rejected, chair warns [View all]
Source: Reuters
Elon Musk could leave Tesla as CEO if his proposed $1 trillion pay package was not approved, Chair Robyn Denholm warned in a letter to shareholders on Monday.
The appeal comes ahead of the November 6 annual meeting, with Tesla's board having faced repeated criticism for not acting in shareholders' best interests and governance experts and advocacy groups questioning its independence and oversight of Musk's influence.
The proposed performance-based plan was designed to retain and motivate Musk to continue leading Tesla for at least another seven-and-a-half years, Denholm said in the letter.
Musk's leadership was "critical" to Tesla's success, she said, and warned that without a plan that properly incentivizes him, the company could lose his "time, talent and vision". Musk's role was vital as Tesla seeks to become a global leader in artificial intelligence and autonomous technology, she said.
Read more: https://www.reuters.com/legal/transactional/musk-could-leave-tesla-if-1-trillion-pay-plan-is-rejected-chair-warns-2025-10-27/
If Eloon needs a TRILLION fucking dollars to stay motivated to do his job they'd be far better off without him. Hell, I can't even comprehend that much money.
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