Billionaire investor Ron Baron, longtime Tesla bull and shareholder, wrote an open letter in support of CEO Elon Musk’s controversial $56 billion pay…
The Baron Capital chairman and CEO said Musk's compensation contract in 2018 included"aggressive" performance metrics that few believed could be achieved. Musk would have earned nothing if these ambitious goals had not been met, he said."Elon is the ultimate 'key man' of key man risk," Baron said in the letter."Without his relentless drive and uncompromising standards, there would be no Tesla.
The pay package, proposed by Tesla's board of directors, has repeatedly come under fire for its close ties with Musk. The package has no salary or cash bonus and sets rewards based on Tesla's market value rising to as much as $650 billion over the 10 years from 2018. If passed, it would be the largest pay package for a CEO in corporate America. Tesla's shareholder meeting is scheduled for June 13.
In January, Judge Kathaleen McCormick of Delaware's Court of Chancery voided the original pay package. Musk then sought to move Tesla's state of incorporation to Texas from Delaware.Baron previously revealed that his firm has made about 20 times its investment in Tesla since he first bought the stock in 2014. Tesla is the biggest holding in Baron's oldest and biggest fund,
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Elon Musk had Nvidia send AI chips intended for Tesla to X and xAI: reportBillionaire entrepreneur Elon Musk reportedly asked Nvidia to ship AI chips intended for Tesla to X and xAI, which Musk attributed to a lack of space for Tesla to immediately use them.
続きを読む »
Leaked Emails Show Elon Musk Diverting AI Resources Away From Tesla as Automaker FlailsScience and Technology News and Videos
続きを読む »
Tesla rejects claims by shareholder group that Elon Musk's pay package is overboardTesla said Elon Musk's record $56 billion pay package isn't excessive, adding that a new compensation plan would be costlier.
続きを読む »
Elon Musk Accused of Massive Insider Trading at TeslaScience and Technology News and Videos
続きを読む »
Elon Musk reportedly diverted thousands of AI chips from Tesla to XElon Musk ordered thousands of Nvidia AI chips to be diverted from Tesla to X and xAI, his generative AI startup. The diversion could delay Tesla’s development of a robotaxi.
続きを読む »
Ford CEO on the future of EVs, Detroit, and his relationship with Tesla's Elon MuskInside a 111-year-old former Detroit train station, Jim Farley is charting a path for the auto giant's next 100 years. Here's our video interview with the Ford CEO.
続きを読む »