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Americans think CEOs make too much money, but investors have approved 99% of pay packages [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
Approval for Elon Musk's record-breaking pay package is the norm. U.S. shareholders generally agree that leadership is best measured by stock price. That philosophy underpins most pay-for-performance systems. (The say-on-pay provisions and other elements of the Dodd-Frank Act were mainly intended to avert a bias for short-term gains over long-term value.) That U.S. public company CEOs now make nearly 200 times more than the average U.S. worker—and multiples more than peers in other countries—reflects this emphasis on equity-based incentives. U.S. base salaries and even short-term incentive bonuses are on par with other nations. Tesla hasn't paid Musk a salary since 2019. The mammoth upside comes from stock options. That's why George David, the then CEO of United Technologies Corp., could truthfully tell me “I'm in the middle of my peer group” the year he took home $70 million in pay. There's nothing wrong with incentivizing leaders to build long-term value. The question is wheth
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