Mis saab Elon Muski Tesla palgast pärast 56 miljardi dollari suuruse paki väljaviskamist? See on keeruline – Autoblog

Mis saab Elon Muski Tesla palgast pärast 56 miljardi dollari suuruse paki väljaviskamist? See on keeruline – Autoblog

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Pärast seda, kui Delaware'i kohus viskas välja Elon Muski sőber 56 miljardi dollari suurune palgapakett teisipäeval, Teslal tegevjuht ja tema vangistuses olev juhatus peavad leidma võimaluse asenduslepingu üle läbi rääkida. See ei saa olema lihtne.

Otsus kannustab investoreid, kes on aastaid väljendanud muret Tesla juhatuse sõltumatuse pärast. See võib olla pöördepunkt Muski jaoks, kes ütles hiljuti, et tal on ebamugav Teslast tehisintellekti liidriks muuta, kui ta ei saavuta uue palgapaketiga 25% kontrolli.

“This throws Tesla into a complete sort of tailspin from an executive perspective,” said Tesla shareholder Ross Gerber, who said the court decision essentially required new independent board members who would provide CEO oversight. “Then it gets real messy because Elon — it’s either his way or the highway,” said Gerber, who last year publicly considered a board run as an independent.

Musk ei ole öelnud, mida ta teeb, kuigi edasikaebamine on peaaegu kindel. Tesla aktsia langes kolmapäeval umbes 1%.

Esiteks peab Musk kohtuotsuse kehtima hakkamisel andma tagasi selle, mis ta sai. Ta on täitnud 2018. aasta lepingutingimused ja saanud 12 optsioonide osa umbes 51 miljardi dollari väärtuses.

Forbesi andmetel oli Muski väärtus kolmapäeval 184 miljardit dollarit ja tal on keeruline rahandus, sealhulgas laenud, kasutades tagatisena aktsiaid. Avalikud taotlused ei näita, kas ta on optsioonidega tagatud laenu võtnud, ütles palgauuringute firma Equilar. Ta ei ole kasutanud optsioone nende aktsiateks muutmiseks, seega ei pruugi oma sissetulekust loobumine olla tehniliselt keeruline.

Deciding what to replace the package with will be a difficult process, since it is unclear who will bargain on Tesla’s side. The judge who threw out the package called it an “unfathomable sum” that was unfair to shareholders and questioned the board’s independence.

Equilar estimated in 2022 that Musk’s package was around six times larger than the combined pay of the 200 highest-paid executives in 2021.

Delaware'i kohtunik Kathaleen McCormick ütles, et paljud praegused Tesla sõltumatuteks tunnistatud juhatuse direktorid, sealhulgas James Murdoch, esimees Robyn Denholm ja Ira Ehrenpreis, näitasid palgaotsuse tegemisel sõltumatust.

Denholm ja Ehrenpreis on Tesla kompensatsioonikomitees koos Kathleen Wilson-Thompsoniga, kes liitus juhatusega 2018. aasta lõpus pärast seda, kui aktsionärid kiitsid heaks palgapaketi.

“They’re going to have to refresh the board. I mean, he may not like it, but it’s going to be very hard to run this company as it did,” said Charles Elson, director of the University of Delaware’s corporate governance center.

Musk could decide to leave, he added, but in doing so he would torpedo the value of the 13% stake he holds, independent of the pay package. Even before Tesla has announced this year’s annual meeting, several shareholders already are promoting resolutions to give investors more control by moving to annual director elections and eliminating a supermajority voting requirement.

In a court hearing leading up to Tuesday’s ruling, an attorney for the shareholder who brought the case against Musk told the court that there was precedent for Tesla compensating Musk for past performance, but it had to be reasonable and go through the usual processes that the judge found were missing from the 2018 negotiations.

McCormick questioned if any pay for Musk was necessary, given his fortune swelled along with Tesla’s success, given his stake in the company.

“There are many examples of visionaries with large pre-existing equity holdings foregoing compensation entirely: Zuckerberg, Bezos, Gates, and others so familiar to the world that no first names are required,” McCormick wrote.

Musk toob kõikidesse läbirääkimistesse tugeva rekordi.

Tesla aktsiaturg value was $53 billion when Musk’s package was approved in 2018. It was a money-losing enterprise, struggling to accelerate production of its Mudel 3 sedan. That was when Musk famously described Tesla as being in “production hell.”

Aastaks 2021 on nüüd kasumlik, olles üle elanud pandeemia ja käivitanud Mudel Y small SUV, Tesla’s market value reached $1.2 trillion. That became the world’s second enimmüüdud auto või maastur eelmisel aastal, Auto ja draiver hinnanguline.

Tesla’s valuation has fallen to around $600 billion, but still is more than 10 times what it was when the process began, and the company is still worth more than most auto industry veterans, combined.

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