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SHOCKING! Elon Musk Crowned World’s Highest-Paid CEO with a Jaw-Dropping $29 BILLION Package!
MUSK’S PAY DAY! Is This the Most Outrageous CEO Salary in History?
Hold onto your wallets, folks! The Tesla board has done the unthinkable—reinstating Elon Musk as the highest-paid CEO in history with a mind-boggling $29 billion pay package! This jaw-dropping deal comes in the wake of a legal circus that has turned Musk’s compensation into drama fit for a blockbuster movie.
Court Battles! Pay Packages! Tesla’s Future in Jeopardy?!
Musk’s mega-millions are back on the table after a Delaware judge threw out his previous astronomical mega-grant! Yes, you read that right—seven years of legal battles! Board chair Robyn Denholm and director Kathleen Wilson-Thompson revealed the urgency in a letter, warning that the battle for AI talent is a fierce GAUNTLET, and keeping Musk focused is “imperative!”
What’s the Catch? Just Stick Around!
So, what does Musk need to do for this colossal payday? Just hang around as CEO for two more years! That’s right—no performance goals, no insane hurdles! He only needs to hold Tesla stock until 2030, boosting his ownership stake from 13% to a staggering 15%! It’s basically a payday on a silver platter!
Experts SLAM The Deal as a “Gift of Absurdity”!
Musk’s compensation has been rubbished by experts who call these kinds of deals "fog-the-mirror grants"—meaning if you can fog a mirror, you qualify! Brian Dunn, a long-time compensation expert, said, “These don’t have performance targets!” This is beyond outrageous—it’s a blatant slap in the face to investors everywhere!
Musk’s Pay Package: A $26 Billion Safety Net?!
Wait, it gets wilder! This jaw-dropping package has a $26 billion floor! If the courts wipe out his original awards, Musk still keeps his new 96 million shares—but if any part of the original grant gets reinstated, his new bounty will shrink! What’s next? A pay package that pays you for just breathing?
Tesla’s Shocking STRUGGLES and Climbing Legal Barriers!
Despite Musk’s infamous track record of making Tesla’s value 12-fold, the reality is that the automotive giant is faltering! The share prices are down over 18%, while Musk seems more interested in politics than his electric empire. In a desperate bid to protect Musk, Tesla has now shifted its incorporation from Delaware to Texas, making it a legal fortress for executive pay.
DISGUSTED Investors Call for BETTER Governance!
While retail investors rally behind Musk, bigger fish are swimming against the tide! Several pension fund leaders are crying foul over Musk’s astronomical sum. New York City Comptroller Brad Lander calls the $29 billion package “OBSCENE!” And that’s not all—Illinois State Treasurer Michael Frerichs echoes these sentiments, saying it raises questions about the board’s responsibilities.
Can Musk Turn It All Around Before It’s Too Late?
As Tesla grapples with spiraling share prices and slumping sales, the question remains: can Musk actually turn things around? With $29 billion on the line, it’s a high-stakes game—one that has investors holding their breath as they witness the unfolding saga of one of the most controversial figures in business history!
Will this unprecedented deal pay off for Tesla, or will it become a cautionary tale? Stay tuned!
photo credit: fortune.com
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