Lowest Paid CEO
Would you work a job for nothing?
Elon Musk, CEO of Tesla Inc., has agreed to a 10-year pay package that rewards him only if the electric car maker achieves enormous growth. The company must grow from $60 billion to $650 billion in $50 billion leaps, or his stock-option vesting won't kick in.
He will receive no other guaranteed salary, bonuses or equity. Shareholders will vote on the package in March.
If they hit their marks, Tesla will trail only Apple, Alphabet (Google) and Amazon in valuation. They will exceed the current, combined valuation of the world's top eight publicly-traded auto companies.
Tesla will expand from electric cars and SUVs to trucks, semi tractor-trailers and buses. The company also plans growth in solar panel and energy storage businesses.
Musk won't need food stamps. This isn't the first time he has worked by incentives. He also serves as CEO of SpaceX and OpenAI, a nonprofit in artificial intelligence.
Associated Press
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China's Dreamers
We hope the Chinese administration will grant a path to citizenship for its two new monkeys. It wasn't their choice to be cloned there.
Jimmy
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