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2025-09-14 07:52:57
[Tesla's board chairperson responds to Musk's sky-high pay package: The controversial issue is "a bit strange"] 1. On Saturday, Tesla's board chairperson Robin Denholm publicly defended a $1 trillion, ten-year pay package for CEO Elon Musk. The plan will be voted on by Tesla shareholders in November. If passed, it will become the largest pay package in the company's history. 2. As a member of the special committee involved in formulating the plan, Denholm said in an interview that Musk needs to rely on challenging goals linked to extremely high compensation to stay motivated. She emphasized that Musk does not care about the wealth represented by the huge salary itself, but is more concerned about the voting rights involved. "The core is obviously the voting influence, but we always discuss the amount. I think this is a bit strange," Denholm said. 3. Although Tesla is currently facing a situation where both profits and car sales are declining, it seems contrary to common sense to launch a pay package of this scale at this time, but Denholm insists that the plan is essentially an incentive for the company's "future performance" rather than just based on current performance.
