Email: samburaj@ccn.com. His only compensation is a completely at-risk performance award that was specifically designed with ambitious milestones, such as doubling Tesla's current market capitalization from approximately $40 billion to $100 billion. Musk's reported compensation was more than 17 times that of the next-highest executive on the list, Discovery Communications CEO David Zaslav.
The only trouble … By clicking ‘Sign up’, you agree to receive marketing emails from Business Insider "While the SEC requires a certain calculation, such as using the grant-date fair value of unvested equity awards granted, this often doesn't reflect what the executive actually receives once stock awards are vested or options are exercised," Yu wrote.Yu emphasized the contingent nature of the reported CEO pay. Phone number: Elon Musk’s Insane Payday: 40,668 Times the Median Tesla Salary "However, it's also pretty common for companies to provide alternative calculations, such as the value of vested stock awards and exercised options, because they think this provides a better picture into what a CEO really makes," Yu wrote.As an example of another company showing both reported compensation under SEC rules and the actual realized compensation for a CEO, Yu directed us to The chart illustrates how the reported compensation for ExxonMobil's CEOs over the past decade — roughly analogous to the $2.3 billion reported by Tesla — paints a very different picture from the realized pay that the oil company's CEOs actually received each year.In 2017, CEO Darren Woods actually realized just 29% of his roughly $17 million in reported compensation. "Tesla said in the proxy statement that it was "required to report pursuant to applicable SEC rules any stock option grants to Mr. Musk at values determined as of their respective grant dates and which are driven by certain assumptions" laid out in That is, SEC rules require Tesla to report a measure of the market value of the unvested options from Musk's compensation plan, following standard accounting rules for CEO pay.But the company said that under the terms of the compensation plan, none of those shares had vested in 2019, with the first tranche vesting only in May 2020, as noted above.The proxy letter includes, in addition to the unvested stock-option compensation, a $56,380 salary, following California's minimum-wage law.
Of this total $23,760 was received as a salary, $0 was received as a bonus, $0 was received in stock options, $0 was awarded as stock and $0 came from other types of compensation. And sell them fast. As a result, Elon's entire compensation is directly tied to the long-term success of Tesla and its shareholders, and none of the equity from his 2018 performance package has vested. The only trouble is that a large portion of it is linked to Tesla stock options. U.S. Editor: Josiah Wilmoth. He owns plenty of Tesla shares already (approximately 20%). Email: aaron.weaver@ccn.com. "The company also reiterated the long-term, performance-based nature of Musk's compensation:"Moreover, the vast majority of compensation in respect of past stock option grants to Mr. Musk, including the 2012 CEO Performance Award and the 2018 CEO Performance Award, were incentives for future performance and their value is realizable only if Tesla's stock price appreciates compared to the dates of the grants, and the Company achieves applicable vesting requirements. Musk’s compensation package is largely tied to performance goals. Email: pamela.meropiali@ccn.com. Sales Manager: Pankaj Upadhyay. CCN.com, also known as CCN and CCN Markets, is a news site reporting on Markets, Gaming, Sports, Politics, Entertainment, and Global Affairs. Elon Musk’s compensation package, meanwhile, ballooned an unbelievable 4.6 million percent in 2018. "The next two operational milestones would be annualized revenue of $35 billion or earnings of $3 billion.
Portuguese Restaurants, Queen Elizabeth 1 Successor, World Cup 2019 Final, Boston Red Sox World Series Championships 2013, Triumph Of The Will Meaning, Waiting For This Moment, Vainglory News, Donald Trump Simpsons Full Episode, Disclosure Album, Project Almanac Cast, Three Outlaw Samurai Criterion, Spring In A Small Town Analysis, For The Bible Tells Me So Youtube, William Lloyd Garrison Fun Facts, Brother Bear 2 Imdb, Astros Vs Yankees 2019, Bride Of The Monster, World Of Dance, Ivan Lendl Golf, Martin Scorsese, The Girl In The Café, Selena Gomez Family Tree, Singam Movie, Martin Luther King Quote Silence Is Betrayal, Elizabeth Blackwell Biography, Yankees Ticket Refund 2020, How To Pronounce Wilderness, Charlie Rose Net Worth 2019, Kaesong Border, The Alligator People, Rick James Net Worth, Is Linkedin Learning Worth It, Orphan Movie Online, Sanjay Dutt Age 2020, April Showers Lyrics, Asx 200 Futures Yahoo, Josh Duhamel Instagram, Trinity Is Still My Name, David Jensen, Beethoven's 3rd Full Movie, El Cóndor Pasa (If I Could), Angela Clarke Author, Phir Hera Pheri Trailer, Dow Futures Right Now, Don't Look Under The Bed Meme, Hell In The Pacific, Webcomic Ao3, An Evening With Beverly Luff Linn Trailer, A Question Of Faith'' Full Movie Youtube, Tell A Lie, Sunlight Straight Sword, Jazz Jackrabbit 2 Play Online, Robert Downey Jr Movies 2019, Panic Room Song, Aaron Sanchez, Yeri Songs, Is Eight Crazy Nights On Disney Plus, London House Chicago, A Question Of Faith Lifetime Movie, O Praise The Name Guitar, The Golden Goblet, Laurene Powell Jobs Death, Pittsburgh Penguins Live Stream, Promise At Dawn, Yeh Zindagi Ka Safar, The Count Of Monte Cristo (2002), Parinda Cast, Chicago Bears Roster, The Front Climbing, Koisuru Fortune Cookie Lyrics English, Matt Shoemaker Net Worth, Google Pixel 3 Xl Release Date, Where Can I Watch Logan, Alex De Minaur, Musan North Korea, Macgruber Tv Show 2020, Pride 2020, Jay Park Child, ARMA 2, Jetsons Movie Intro, Gates Of Heaven Los Altos, Overcomer Full Movie Youtube, Online Courses, Beau Definition French, Bala Bharatam Telugu Movie Cast, Joey Mcintyre - Stay The Same, Red Velvet Irene Family Restaurant, Gangs Of Wasseypur 2 Full Movie, Apocalypse Powers, Rome Open City Summary, The Girl In The Café, Gears Of War 5 Metacritic, Monty Python Life Of Brian Caesar, Four Seasons Vancouver Address, Stage 4 Colon Cancer Survival Rate By Age, Maytag Wiki, Lourdes Live Stream,