Home

About Us

Advertisement

Contact Us

  • Facebook
  • X
  • Instagram
  • Pinterest
  • WhatsApp
  • RSS Feed
  • TikTok

Interesting For You 24

Your Trusted Voice Across the World.

    • Contacts
    • Privacy Policy
Search

Musk’s Tesla pay proposal should be rejected, DiNapoli says

October 23, 2025
Musk’s Tesla pay proposal should be rejected, DiNapoli says

(Bloomberg/Miguel Ambriz) — The Tesla Inc. pay package for Elon Musk is overly generous and lacks clear performance metrics to justify the $1 trillion the world’s richest person could earn under the automaker’s proposal, New York State Comptroller Thomas DiNapoli said.

“The board oversight has not been as independent or as stringent as it should be. How many billions and trillions does one person need to make?” DiNapoli said in a Bloomberg Television interview Thursday. “My concern is that the compensation package, while it may have some broad milestones in there, there really should be more clear metrics to really justify this very, very generous payout. How much money does one person need?”

Related Articles


Intel faces high earnings bar as stock soars and cash pours in


Microsoft pushes Xbox division to hit higher profit margins


Musk hijacks Tesla earnings call to vouch for $1 trillion pay plan


Amazon launches new AI shopping tool in US for the indecisive


Amazon planning to replace 600K workers with robots: report

The state plans to vote against the compensation package and Tesla directors up for reelection on Nov. 6, DiNapoli said.

Proxy advisers Institutional Shareholder Services and Glass Lewis have also recommended that investors reject the unprecedented payout to Musk, the value of which is dependent on Tesla reaching a litany of market value thresholds and operational milestones. ISS cited “unmitigated concerns” with the magnitude and design of the award, while Glass Lewis took issue with its potential to dilute other shareholders’ ownership.

On an earnings conference call Wednesday, Musk pleaded with investors to approve the pay package and criticized the shareholder-advisory firms that have come out against the proposal.

“I just don’t feel comfortable building a robot army here, and then being ousted because of some asinine recommendations from ISS and Glass Lewis, who have no freaking clue,” he said.

Musk, 54, ranks No. 1 on the Bloomberg Billionaires Index with a net worth of about $455 billion.

More stories like this are available on bloomberg.com

©2025 Bloomberg L.P.

Featured Articles

  • Longtime Walnut Creek police veteran will be department’s new chief

    Longtime Walnut Creek police veteran will be department’s new chief

    October 23, 2025
  • South Bay office market values plunged in 2024, report shows

    South Bay office market values plunged in 2024, report shows

    October 23, 2025
  • The 10 most expensive homes sold in San Jose the week of Sept. 8

    The 10 most expensive homes sold in San Jose the week of Sept. 8

    October 23, 2025
  • Warriors face trek through ‘loaded’ Western Conference gauntlet

    Warriors face trek through ‘loaded’ Western Conference gauntlet

    October 23, 2025
  • Photos: See how White House looks after East Wing completely demolished

    Photos: See how White House looks after East Wing completely demolished

    October 23, 2025

Search

Latest Articles

  • Longtime Walnut Creek police veteran will be department’s new chief

    Longtime Walnut Creek police veteran will be department’s new chief

    October 23, 2025
  • South Bay office market values plunged in 2024, report shows

    South Bay office market values plunged in 2024, report shows

    October 23, 2025
  • The 10 most expensive homes sold in San Jose the week of Sept. 8

    The 10 most expensive homes sold in San Jose the week of Sept. 8

    October 23, 2025

181 Peachtree St NE, Atlanta, GA 30303 | +14046590400 | [email protected]

Scroll to Top