He needs that compensation because he's easily dist- oo a piece of candy!
With a week to go until Tesla's Annual Stockholders' Meeting, board chair Robyn Denholm has written to investors to make sure they ratify CEO Elon Musk's monster pay package – apparently out of fear he could walk.widely seen as a publicity stunt because it verged on ridiculous, Musk would earn nothing from his work unless Tesla's market cap grew to $650 billion from $53 billion. However unlikely, that sum peaked in November 2021 at $1.24 trillion, though it stands at $557.
"Fairness and respect require that we honor the collective commitment we made to Elon – a commitment that was, and fundamentally still is, about retaining Elon's attention and motivating him to focus on achieving astonishing growth for our company," Denholm wrote.
As for domiciling in Texas, Denholm argued that"marrying our legal home to our operational home" provides shareholders"with substantially equivalent governance rights as Delaware, and is expected to provide more certainty for the innovative, big-ticket decisions that Tesla is known for," and definitely has nothing to do with the fact that the Delaware court struck down Musk's compensation.
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