Musk's New Pay Deal Could Make Him the World's Richest Man—If Tesla Succeeds
- Options could net the CEO up to $55.8 billion over 10 years
- Pay package is ‘breathtaking,’ compensation consultant says
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It is the Elon Musk of corporate pay deals, a cocksure, all-or-nothing moonshot into history. Little wonder, then, that it is for none other than Elon Musk.
Tesla Inc. granted the billionaire founder a $2.6 billion award, the largest-ever of its kind, underscoring the company’s outsize ambitions and how intimately connected its future success is to Musk. If fully vested over a decade, stock options would net him as much as $55.8 billion. Along the way, nothing would be guaranteed -- zero salary or cash bonuses.