The exact amount of compensation will depend on the performance of the company.
Shareholders of carmaker Tesla approved a 10-year compensation package for the CEO of the company Elon musk. The amount of compensation may be more than 55 billion dollars.
Mask transferred with the guaranteed salary compensation in the form of shares of the company depending on the growth of its capitalization. Shareholders Tesla expects that capitalization will increase from the current 53 billion to 650 billion dollars.
Over the next 10 years, Musk will receive 12 tranches in the amount of 1% of the current Tesla stock each. The first tranche of the head of Tesla will receive once the company’s capitalization will exceed $ 100 billion. Every next 1% of the shares of Mask will get once a capitalization would increase by another $ 50 billion. All 12 trenches the owner will be able to get in if the company’s market value would exceed 650 billion.
The amount of compensation formally equal $ 2.6 billion at current value, however, the successful implementation of all the goals and growth of the total capitalization of Tesla as a Mask for 10 years may increase to 55.8 billion. The current status of the entrepreneur, according to estimates by Forbes, is just over 20 billion dollars.
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