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News@lemmy.worldEnglish · 27 days ago

Tesla awards CEO Musk millions in shares valued at about $29 billion

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Tesla awards CEO Musk millions in shares valued at about $29 billion

MicroWave@lemmy.world to

News@lemmy.worldEnglish · 27 days ago

Tesla is awarding CEO Elon Musk 96 million shares of restricted stock valued at approximately $29 billion, just six months after a judge ordered the company to revoke his massive pay package

Tesla is awarding CEO Elon Musk 96 million shares of restricted stock valued at approximately $29 billion, just six months after a judge ordered the company to revoke his massive pay package.

The electric vehicle maker said in a regulatory filing on Monday that Musk must first pay Tesla $23.34 per share of restricted stock that vests, which is equal to the exercise price per share of the 2018 pay package that was awarded to the company’s CEO.

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rhvg@lemmy.world
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27 days ago
Shareholders should look at uber. It’s totally fine to change the leader.
- ThePantser@sh.itjust.works
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  Or Apple, Microsoft, or any of the companies that have been around for 100+ years. Look at John Deere, they are evil but people still buy their shit.

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