Tesla Shareholders Pitch $56 Billion Pay Package for Elon Musk | Vantage with Palki Sharma

Tesla Shareholders Pitch $56 Billion Pay Package for Elon Musk | Vantage with Palki Sharma

Tesla shareholders have proposed a vote to approve a massive $56 billion pay package for the company's CEO Elon Musk. Though Musk does not draw a salary for his work as CEO, he owns around 20% of the company. In 2018, shareholders had proposed a pay deal which would see Musk receive around 1% of Tesla shares every time he achieved a financial or operational target. The 2018 deal works out to around $56 billion over several years. A US court had blocked this deal after a few shareholders opposed the deal, but the proposal is now back on the table. Is Elon Musk worth $56 billion to Tesla? Why are CEOs paid so much amid recession fears and layoffs? Palki Sharma tells you.

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Elon Musk | Tesla | Shareholders | Pay Package | US | Firstpost | World News | Vantage | Palki Sharma

#elonmusk #tesla #shareholders #paypackage #us #firstpost #vantageonfirstpost #palkisharma #worldnews

Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.

The show is anchored by Palki Sharma, Managing Editor, Firstpost.

By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories – making Vantage a destination for thought-provoking ideas.

Vantage airs Monday to Friday at 9 PM IST on Firstpost across all leading platforms.
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