The Elon Musk pay dilemma
Every tech company with a founder at the helm faces the ‘how much’ question – but there are many ways to answer
DELAWARE chancery court judge Kathaleen McCormick made little effort to disguise her incredulity at Elon Musk’s jaw-dropping 2018 pay package when she ruled this week (Jan 30) that it should be rescinded.
Tesla’s board was “perhaps starry eyed by Musk’s superstar appeal”, she said, when it completely failed to ask “the US$55.8 billion question: was the plan even necessary for Tesla to retain Musk and achieve its goals?”
Her resounding answer, as she rescinded it, was no.
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