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The Times of India
The Times of India
Business
Bloomberg

How Elon Musk scored a $55 billion pay package that’s now under fire

Elon Musk Richard Tornetta United States Ira Ehrenpreis Kathaleen St J McCormick Delaware Delaware Chancery Court

The largest executive-pay package in US corporate history was born in a text message from Elon Musk.

On April 8, 2017, the entrepreneur was asked by his friend Ira Ehrenpreis, a Tesla Inc board member, about how to structure his future compensation as the electric-vehicle maker’s CEO.

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