How Elon Musk Helped Lift the Ceiling on C.E.O. Pay
Summary
When Tesla awarded Elon Musk a multibillion-dollar pay package in 2018, the landmark deal helped to vastly increase the potential compensation of the chief executives at many of America’s biggest public companies. As Tesla has sold enough electric vehicles to become the most valuable automaker on the planet, Mr. Musk has so far received shares worth nearly $60 billion now — helping to make him the world’s richest person. rules work, we are required to report that grant as total compensation for 2021 when in reality it will be available to be paid out over the next 10 years, starting in 2023,” Chris Oster, an Amazon spokesman, said in a statement, referring to the Securities and Exchange Commission, which regulates companies’ disclosures. Mr. Serafin of Qualtrics doesn’t have to hit any performance targets to qualify for roughly two-thirds of his stock pay last year; he just has to remain in his post to get those shares, which the company valued at $360 million in its proxy statement. Some companies have awarded executives a large amount of stock when going public as a way to give them “skin in the game.” Among the highest paid, Ms. Nabi of Coty appears to have one of the easiest packages to earn.
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