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Home / Business / Elon Musk paid $ 2.3 billion, more than the next 65 highest paid CEOS

Elon Musk paid $ 2.3 billion, more than the next 65 highest paid CEOS



CEOs make a lot of money, but Elon Musk has blasted his competition out of the water, according to a new 2018 New York Times study.

The study, conducted with the Equilar executive compensation consultancy, examined the compensation of CEOs at 200 large listed companies over the past year.

According to the report, Elton Musk, CEO of Tesla, received nearly $ 2.3 billion last year, mainly in the form of stock options. The second highest CEO on the list, David M. Zaslav of Discovery, earned $ 129 million.

That's so different that the Times had to add "an extra dimension" to their chart showing pay for top CEOs. While the other 1

99 executives in the list are represented by a standard bar graph, Musk's transport is represented by a two-dimensional rectangle.

To put this into perspective, the left column in the following table shows Musk's total compensation for 2018 from Tesla, while the column of bills in the right column shows the total of the next 65 executives in the Times list: [19659006] Business Insider / Andy Kiersz, New York Times data

Tesla's musk compensation package is uncommon among top executives. The package, which was approved by Tesla's Board of Management in March 2018, gives Musk options when Tesla reaches market capitalization milestones over a decade.

Several commentators pointed to the unusual nature of the compensation package. Business Insider's Troy Wolverton pointed out that Musk already controls a large portion of Tesla's stock and therefore already has strong incentives to increase its market capitalization.

Read More: Elon Musk and the SEC fiercely fight over one of Musk's tweets – here's what you need to know about their altercation and the company. In an article accompanying the CEO's salary study, The Times noted that Tesla had problems increasing the production of its cars. In addition, a tweet by Musk last August led to an investigation by the SEC and a continuing litigation.

Tesla's share price rose by about 4% during the course of 2018. In 2019, the stock has fallen dramatically as a result of the company's continuing problems:

Business Insider / Andy Kiersz, Yahoo Finance Data


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