The other seven were Ira Ehrenpreis, Brad Buss, Robyn Denholm, Antonio J Gracias, Steve centage of abstain votes, the scale moves markedly in the promoter's favour. An assessment of 201 remuneration resolutions $55.8 billion pay package at Tesla, approved Jurvetson, James Murdoch, and Linda Johnson Rice. by shareholders in 2018. At $55.8 billion maximum The first four were members of the compensation for promoters presented in 2022 by IiAS reveals value and $2.6 billion fair value, the compensation committee, responsible for negotiating Mr Musk's that 68 (34 per cent) of these would have been was almost entirely through stock grants. The plan compensation plan, with Mr Ehrenpreis as its chair. defeated if promoters were not allowed to vote.
was "250 times larger than the contemporaneous The opinion cites various grounds questioning the This is why, at IiAS (disclosure: It's where I work), median peer compensation, 33 times larger than independence of the compensation committee. Mr we advocate for the majority of minority votes for the plan's closest comparison, which was Mr Musk's Ehrenpreis netted over $200 million, by exercising promoter compensation.
previous compensation plan." In 2022, it was esti- less than a quarter of his options, and is known to have mated to be around six times larger than the combined pay of the 200 highest-paid executives in 2021.
Bu hikaye Business Standard dergisinin February 22, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin February 22, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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