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News@lemmy.worldEnglish · 6 days ago

Tesla awards CEO Musk millions in shares valued at about $29 billion

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Tesla awards CEO Musk millions in shares valued at about $29 billion

MicroWave@lemmy.world to

News@lemmy.worldEnglish · 6 days ago

Tesla is awarding CEO Elon Musk 96 million shares of restricted stock valued at approximately $29 billion, just six months after a judge ordered the company to revoke his massive pay package

Tesla is awarding CEO Elon Musk 96 million shares of restricted stock valued at approximately $29 billion, just six months after a judge ordered the company to revoke his massive pay package.

The electric vehicle maker said in a regulatory filing on Monday that Musk must first pay Tesla $23.34 per share of restricted stock that vests, which is equal to the exercise price per share of the 2018 pay package that was awarded to the company’s CEO.

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Kyden Fumofly@lemmy.world
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5 days ago
Image of being a low wage worker in Tesla, and learning this… They could have given around $230k in stock to every single one of their employees.
- Saleh@feddit.org
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  5 days ago
  Yeah but these workers are making sales possible, not driving them down with public nazi stunts.

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