Tesla Grants Musk $30B in Shares to Retain CEO Role
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BTCCSquare news:
Tesla's board has approved a staggering $30 billion stock award for CEO Elon Musk, granting him 96 million shares. The move follows Musk's thinly veiled threat to depart unless granted additional equity. This unprecedented compensation package underscores the board's conviction in Musk's ability to steer Tesla through its next growth phase in the competitive EV market.
The decision reflects high-stakes corporate governance at play, where visionary leadership commands extraordinary premiums. Market observers note the package's size eclipses most corporate compensation plans, setting a new benchmark for executive retention in technology-driven industries.
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