Elon Musk recently stated that he would consider leaving Tesla or resigning as CEO if he fails to receive a high salary.Tesla shareholders are about to vote on a new compensation package that could span ten years. The size of the stock options in the package has caused controversy, with a potential value of up to $1 trillion.
According to the terms of the plan,If Tesla's market value growth is lower than the S&P 500 average, Musk may receive a periodic compensation worth approximately US$20 billion to US$40 billion.
Agency advisory firm Institutional Shareholder Services (ISS) pointed out in a report that this equity incentive plan may lead to the dilution of shareholders' equity due to the excessive number of shares granted, and it is recommended that shareholders vote to reject it.
Musk responded strongly to the criticism on social media:Tesla is worth more than all other automakers combined. Which of these CEOs do you want to run Tesla? Musk emphasized his irreplaceability for Tesla.
