The reason his last pay package of 50 billion was awarded to him is because he met the milestones for that. It was a similar deal to this one where they set top end milestones that everyone felt were ridiculous and they’d never hit them. Mostly stock targets IIRC.
Comment on Norway’s mega wealth fund to reject Elon Musk’s $1 trillion Tesla pay package
SaveTheTuaHawk@lemmy.ca 5 months ago
This is moot. Musk has never met a milestone once, and if he doesn’t meet milestones, he gets jack shit.
patrick@lemmy.bestiver.se 5 months ago
SaveTheTuaHawk@lemmy.ca 5 months ago
Those were lowball milestones. He actually has to generate real money this time.
FreedomAdvocate@lemmy.net.au 5 months ago
They were absurd milestones at the time, which nobody thought he could hit in his wildest dreams.
patrick@lemmy.bestiver.se 5 months ago
Quit rewriting history, those were absolutely not lowball milestones.
If Mr. Musk were somehow to increase the value of Tesla to $650 billion — a figure many experts would contend is laughably impossible and would make Tesla one of the five largest companies in the United States, based on current valuations — his stock award could be worth as much as $55 billion
That is a quote from this contemporary article: cnbc.com/…/teslas-pay-deal-to-keep-elon-musk-all-…
FreedomAdvocate@lemmy.net.au 5 months ago
Apart from all the ones that he has, like his last mega paypacket at tesla, you mean?