Latest news with #CEO compensation
Bloomberg
6 days ago
- Automotive
- Bloomberg
Billion-Dollar Pay Packages Are Disasters-In-Waiting
The $29 billion stock award Tesla Inc. provided Chief Executive Officer Elon Musk to run the maker of electric vehicles is striking both for its sheer magnitude (it's larger than the gross domestic product of more than 70 countries) and because it's the starkest example of the new phenomenon of boards granting CEOs enormous equity grants when they already have vast equity ownership. The logic behind these packages – that they incentivize CEOs to do their best - falls apart on close examination. The reality is that these incentives encourage behaviors that are bad for companies and shareholders.
Bloomberg
04-08-2025
- Automotive
- Bloomberg
Tesla to Award Musk $30B in Stock
Tesla has approved an interim stock award worth around $30 billion for CEO Elon Musk, aiming to keep him focused on the electric vehicle maker. Bloomberg's Max Chafkin joins Caroline Hyde and Ed Ludlow on 'Bloomberg Tech.' (Source: Bloomberg)
