CNBC AI News, August 6th – Tesla’s unconventional compensation package for CEO Elon Musk is once again making headlines. According to recent SEC filings, Tesla is poised to potentially award Musk a staggering stock grant of 96 million shares, a package reported to be worth close to $30 billion.
The debate surrounding this considerable award has been reignited, with one Tesla engineer taking to X (formerly Twitter) to advocate for Musk’s entitlement to the hefty sum.
The engineer, identified as Tsai, claims to have dedicated over five years to Tesla and currently holds his position for two years and three months.
Tsai argued in his post that “Musk hasn’t taken a salary in the past eight years, yet consistently shows up to work, leading the team through significant milestones.”
He contrasted Musk’s dedication with that of other founders who might be tempted to bail when the going gets tough, even with lucrative paychecks.
Highlighting the absurdity, he even quipped that, at one point, his annual salary surpassed Musk’s – a fact, he asserts.
Tsai emphasized that Musk’s passion and commitment serve as a powerful motivator for the team, particularly during pivotal moments for Tesla. He contends that the collective spirit and unity within the company are directly attributable to Musk’s leadership.
He concluded by expressing his hope that, after eight years of dedication, Musk will soon receive his well-deserved first paycheck. The proposed compensation package aims to align Musk’s interests with long-term shareholder value creation, offering a potentially massive reward contingent upon Tesla hitting ambitious growth targets.
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