Tesla Elon Musk leave without pay
Despite the fact that 2017 was quite difficult for Tesla, CEO Elon Musk was able to earn in 12 months, nearly one hundred million dollars. According to Bloomberg data, of which only 46 thousand dollars fell to a salary, while the rest of the money he was paid as a bonus. This year, the company's board of directors proposed to deprive him of his salary and make a mask lump sum payments upon reaching certain results.
The new development plan for up to ten years old, includes a number of innovations that will allow the company to significantly reduce costs and to finally start bringing a steady income. the company's Board of Directors proposed the mask instead of receiving salaries tranches in the amount of one percent of the cost of Tesla shares. All twelve are encouraged to make such payments, based on indicators, which the company must achieve under the direction of mask.
To get the first tranche, the mask will bring the company's capitalization to one hundred billion dollars. Each next installment will be paid after the cap will be increased by fifty billion. All twelve payments Musk can get if will bring Tesla capitalization to $ 650 million. The plan has not yet been approved - it will take the company's shareholders. Elon Musk vote will not take. Last year, Musk entered the top ten most highly paid top managers, and his condition is currently estimated at approximately $ 21 billion. All this looks very impressive, especially given the loss of his company to 671 million dollars - that with such indicators Tesla celebrated the beginning of a new, 2018. Financial problems were caused by the disruption of plans for car production Model 3 and disruptions in the supply of components.