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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMusk Got $55 Billion Pay Deal to Ensure His 'Tenacity' for Tesla, Chair Says
(Bloomberg) -- Tesla Inc. Chairwoman Robyn Denholm told a Delaware judge the electric car maker got good value by agreeing to pay Elon Musk about $55 billion to be its CEO, even though he was splitting time on ventures like building a colony on Mars or selling perfume and flamethrowers.
Musk, the worlds richest person, had the vision and tenacity to turn Tesla from a start-up into one of the worlds most-valuable companies, Denholm testified Tuesday during the second day of trial over a lawsuit by a Tesla investor who claims the compensation was excessive.
My view is that his focus and attention is important, said Denholm, a Tesla director since 2014. The time is not as important to me. Its the results hes able to drive. Im not concerned about the amount of time that he spends. He will do whatever he needs to do to achieve a result.
Tesla investor Richard Tornetta -- who owns nine shares of the company -- claims the board failed to exercise independence from Musk as it drew up a new pay package in 2018 for its chief executive officer. Tornetta said the board lavished the worlds largest compensation plan on a part-time leader.
https://www.msn.com/en-us/money/companies/musk-got-55-billion-pay-deal-to-ensure-his-tenacity-for-tesla-chair-says/ar-AA149i32
bucolic_frolic
(43,287 posts)brush
(53,865 posts)brush
(53,865 posts)he's done to twitter?
3Hotdogs
(12,408 posts)and they'll give him a couple'a acres to farm if he stays there for 5 years.
WarGamer
(12,483 posts)RockRaven
(14,998 posts)Twitter accounts' replies to tweets posted by the likes of Kyle Rittenhouse and other right wing pseudocelebrities.