Elon Musk's Pay Plan Equals 2,000 Years of Nvidia CEO Salary — Not A Typo - video Dailymotion

Benzinga

Tesla faces backlash over Elon Musk’s proposed $900B pay package ahead of the Nov. 6 vote. The “Take Back Tesla” campaign and proxy firms urge rejection, calling it excessive, while Tesla insists Musk only benefits if investors do.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Tesla faces potential conflict out of its November 6th shareholder meeting as a group

00:06urges investors to vote against Elon Musk's proposed pay package, according to Benzinga.

00:10Unions of public interest groups launched a take-back Tesla campaign,

00:14urging shareholders, including those with pension-linked shares, to vote against Musk's

00:17pay package. Group label Musk proposed a $900 billion 10-year performance-based pay package,

00:22outrageous, noting it could make him the world's first trillionaire.

00:25The website notes Musk's pay plan targets would value Tesla at $8.5 trillion,

00:30roughly double NVIDIA's current $4.5 trillion market cap.

00:34The website states Musk's annual pay under the plan would exceed NVIDIA's CEO's earnings

00:38by more than 2,000 times. Proxy advisory firms ISS and Glass-Lewis have also advised voting against

00:44it. Tesla defended the package, arguing Musk's only profits if shareholders win big.

00:49For all things money, visit Benzinga.com.

Elon Musk's Pay Plan Equals 2,000 Years of Nvidia CEO Salary — Not A Typo

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