Musk’s pay under a SpaceX-Tesla merger: voting control, but no $1 trillion payday
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Musk said on a SpaceX earnings call last month that boards formed committees to discuss a potential merger.
- ✓This deal could give him voting control at Tesla without hitting pay milestones.
- ✓Charles Elson said, “This package is a distraction from the real story, which is complete control.” It seems simple.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Reuters
- Reading Speed
- 7 Minute(s)
- Market Focus
- India Economy
A merger combining Musk’s trillion-dollar rocket and electric vehicle firms would mean he might not ever need to meet those lofty targets to achieve his ultimate goal: control over his corporate empire.
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Musk said on a SpaceX earnings call last month that both companies' boards had formed special committees to discuss a potential merger. A deal could give him the voting control at Tesla that he has said he wants, without his having to hit any of the milestones in his pay plan.
As for Musk’s compensation, a merger initially would likely award him only a sliver of the $1 trillion in stock from last year’s widely discussed Tesla pay package, according to a Reuters review of the plan and six executive-compensation experts. SpaceX’s board could also restructure his compensation plan after a potential Tesla deal, the experts said.
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Reuters
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