The majority of the owners of the other shares voted to compensate him more (by market value of shares that cannot be sold for 5 years, not cash, which is a relevant distinction) than Tesla has ever made in profit.
And since the compensation is equity, comparing it to profit, which is cash, makes no sense. One can discuss if the market price of the equity is too far removed from current profit, but surely even Elon doesn’t have any influence over what millions of investors around the world choose to pay for Tesla shares.
Should majority owners of a business not be able to vote on compensation?
And since the compensation is equity, comparing it to profit, which is cash, makes no sense. One can discuss if the market price of the equity is too far removed from current profit, but surely even Elon doesn’t have any influence over what millions of investors around the world choose to pay for Tesla shares.
Should majority owners of a business not be able to vote on compensation?