Tesla is awarding Elon Musk over $29 billion of stock in an “interim” pay plan designed to maintain his interest in the company while a larger pay package awarded in 2018 remains held up in court.
“Retaining Elon is more important than ever before… It is imperative to retain and motivate our extraordinary talent, beginning with Elon,” Tesla Board Chair Robyn Denholm and board member Kathleen Wilson-Thompson wrote in a letter to shareholders today.
The letter noted that Musk has several other companies to run.
Read full article
Comments
