Forget Musk’s latest pay package, his last one could wipe out years of Tesla profits

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Tesla’s gaudy $1 trillion executive-compensation package for CEO Elon Musk has obscured a more pressing concern: Musk’s 2018 pay package — still tied up in court — could eat up years’ worth of the electric vehicle maker’s future profits.

The Delaware Supreme Court will soon decide whether to reverse a lower-court ruling invalidating Musk’s previous record-breaking compensation package. If Tesla’s appeal fails, it could trigger a $26 billion hit to profits over two years to account for the replacement stock-compensation package it has promised Musk -…



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Forget Musk’s latest pay package, his last one could wipe out years of Tesla profits



Tesla’s gaudy $1 trillion executive-compensation package for CEO Elon Musk has obscured a more pressing concern: Musk’s 2018 pay package — still tied up in court — could eat up years’ worth of the electric vehicle maker’s future profits.

The Delaware Supreme Court will soon decide whether to reverse a lower-court ruling invalidating Musk’s previous record-breaking compensation package. If Tesla’s appeal fails, it could trigger a $26 billion hit to profits over two years to account for the replacement stock-compensation package it has promised Musk -…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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