00:00It's Benzinga, and here's what's on the block.
00:02Billionaire investor Ron Barron, a longtime shareholder and bull of Tesla, wrote a public
00:07letter supporting Elon Musk's controversial $56 billion compensation package.
00:12Barron notes the 2018 package included ambitious performance metrics that few believed could
00:17be achieved, and Musk would have earned nothing without meeting them.
00:20Barron calls Musk the ultimate key man of key man risk and credits his drive for Tesla's
00:26success.
00:27Barron has seen about 20 times returns on his Tesla investments since 2014, with the
00:31stock as his largest holding in his fund.
00:33If approved, the pay package would be the largest in corporate America.
00:36For all things money, visit Benzinga.com.
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