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Tesla asks shareholders to approve Texas move and restore Elon Musk’s $56B pay (arstechnica.com)

submitted 9 months ago by [email protected] to c/[email protected]

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Tesla board calls June 13 shareholder vote on Musk's pay and move to Texas.

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[–] slazer2au 2 points 9 months ago

I have a quick read of the executive compensation in the latest filings and according to the independent board members who make up the compensation committee Tecoking of Tesla and CEO ( no seriously that is his title in the listing) has achieved all the Revenue and Adjusted EBITDA milestones for the 2018 package and should be awarded the 303 million shares at $23 a share.

He also does the executive bullshit thing of not drawing a regular salary from the company so his only pay is stocks.

I agree that there are other staff who are far more deserving of those stock options