Elon Musk, who just won a shareholder vote for a TRILLION dollar payday.
Honestly, if he were paid minimum wage, he would still be overpaid.
On Thursday, Tesla shareholders approved CEO Elon Musk’s pay package worth as much as $878 billion, an outcome that was widely expected. Musk received 75% approval in the vote. The compensation plan will hand over that wealth in 12 tranches of stock, provided various milestones are hit over the next decade.
The vote occurred at Tesla’s annual shareholder’s meeting in Austin, Texas, and the first milestone that would unlock one of Musk’s 12 payments would be Tesla reaching a market cap of $2 trillion. The company’s market cap currently sits at $1.4 trillion.
Other metrics include delivering 20 million Tesla vehicles, as well as deploying 1 million robotaxis and 1 million humanoid robots. Musk currently holds about 13% of Tesla shares and, if all of the milestones are hit, he would increase his stake to about 25%, according to CNBC.
And he has a subservient board that will certify all of these even if they never happen.
Credit where credit is due. The Apartheid Era Emerald Heir Pedo Guy™ is the greatest con man of all time.
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