Is the CEO worth the compensation package Tesla is dangling?
WSJ editorial. Excerpts:
"Mr. Musk says he wants to shift to manufacturing robotics and driverless robotaxis. The board’s aim with the pay package is to align Mr. Musk’s incentives with those of shareholders, who include Tesla’s employees. Mr. Musk has boasted that Tesla pays workers in stock grants to motivate and retain them.
That’s the goal of Mr. Musk’s pay package too. His stock compensation won’t fully vest unless he increases the market value of Tesla shares to $8.5 trillion (currently $1.3 trillion) and achieves $400 billion in annual earnings. The company earned only $16.6 billion last year. The company will also have to put one million robotaxis in operation, as well as deliver 20 million electric vehicles and one million robots."
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.