What directors should learn from Musk’s massive payout
Tesla’s shareholders still believe in the magic of their chief executive, but critics say the bumper payday has warped some of the company’s decisions.
Elon Musk has scored a major victory, with Tesla investors reaffirming their decision to award their leader a record-setting, multibillion-dollar compensation package.
The vote at Tesla’s annual shareholder meeting will reinforce the board’s resolve to push ahead with the phenomenal package of share options, now worth about $US48 billion ($72 billion), which was voided by a Delaware judge in January.
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Jill Margo was a senior writer at The Australian Financial Review.
