The Tesla Ethicist: Should Tesla Shareholders Rebel Against Musk's Pay Raise? - CleanTechnica

The article discusses concerns from Tesla shareholders regarding CEO Elon Musk’s recent compensation package, which includes nearly $30 billion worth of shares granted without clear performance conditions beyond maintaining a leadership role. This move comes amid Tesla’s declining vehicle sales and stock valuation, raising shareholder apprehension about whether Musk’s pay is justified. Musk now owns about 16% of Tesla, valued at roughly $150 billion, contributing to his status as the world’s richest person with a net worth of $398 billion. Despite rumors of a potential successor, the Tesla board approved this substantial share grant, aiming to incentivize Musk to remain with the company. Tesla’s chair Robyn Denholm, who has personally profited significantly from Tesla stock options, supports the decision, emphasizing confidence in Musk’s continued leadership. Critics, including former US Labor Secretary Robert Reich and New York City comptroller Brad Lander, argue that Musk’s compensation is “obscene” given his perceived lack of focus on company responsibilities and Tesla’s recent performance struggles