Tesla Board to Shareholders: Pay Musk or Else
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Tesla's board is urging shareholders to approve a massive pay package for Elon Musk, sparking debate about the justification and potential impact of such a large payout.
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Gautam Mukunda, a lecturer at Yale School of Management, said Musk already owns enough Tesla stock to make him the world's first trillionaire if he meets the board's performance goals and hardly needs the incentive of a "second trillion" from company investors. The board, he said, should not be cowed by threats to leave from the person with the most to lose if Tesla's stock falls - its biggest shareholder.
"This is a guy who's holding a gun to his own head, saying: 'Give me a trillion dollars,'" Mukunda said. "It's not the job of the board of directors to just nod like a bobblehead doll when the CEO asks them for something."
that's what the presidential cabinet exists for.... those people also need jobs.