Tesla board chair calls debate over Elon Musk’s $1T pay package ‘a little bit weird’

In Brief

With Tesla shareholders acceptable to ballot connected a projected 10-year, $1 trillion compensation bundle for CEO Elon Musk successful November, committee seat Robyn Denholm spoke to The New York Times to support what would beryllium the largest wage bundle successful firm history.

Denholm, who was besides connected the peculiar committee that enactment the compensation connection together, argued that Musk needs to beryllium motivated by bonzer challenges tied to bonzer compensation. At the aforesaid time, she suggested he’s little funny successful the further wealthiness that the promised Tesla shares would represent, and much successful the voting power.

“I deliberation it’s a small spot weird talking astir the dollars erstwhile it’s really the voting influence,” said Denholm, whom The Times described arsenic “occasionally appearing sick astatine ease” during the interview.

It mightiness besides look counterintuitive to connection specified a monolithic wage bundle erstwhile Tesla’s profits and conveyance income are falling, but Denholm insisted that the program is astir “future performance.”

“It’s not astir past performance,” she said. “He gets thing if helium doesn’t execute against the goals.”

As TechCrunch antecedently noted, the package’s goals are considerably little ambitious than immoderate of the promises Musk has made astir Tesla successful the past.

Subscribe for the industry’s biggest tech news