"Pay has become a recent hot-button topic for Musk again as Tesla's lawyers fight to have Musk's court-rejected pay package reinstated and look to push through a new pay package that would compensate Musk the equivalent of around a trillion dollars. But with it comes stronger voting power to make key decisions within the company. And that's something he cares deeply about, perhaps maybe even more than the pay itself."
"Musk has said it before: when it comes to his pay packages, it's not all about the money. The CEO wants to make sure that he's still the one in the driver's seat, whatever it takes. That's why it should come as no surprise that he is once again leveraging his personal tethering to the company as a vehicle to influence his recently proposed $1 trillion compensation package."
Tesla's lawyers are seeking reinstatement of Elon Musk's court-rejected pay package and pursuing a new 2025 package roughly equivalent to $1 trillion. The proposed compensation would also strengthen Musk's voting power, enabling greater control over key company decisions. Musk engaged publicly after a former employee, Romain Hedouin, replied to the official Tesla account and called out proxy advisers. Institutional Shareholder Services and Glass Lewis recommended shareholders vote against Tesla's proposals at the November 6 meeting. ISS noted the board's desire to retain Musk for his "track record and vision" while raising concerns about the package's structure. Canada eliminated an EV tax credit and rising car loan payments are a growing problem.
Read at insideevs.com
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