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Fortune

Amanda Gerut

More CEOs demand 'moonshot' pay—billions in compensation for aggressive, seemingly impossible targets

Rick Smith Fortune Elon Musk AXON

(Credit: Tobias T Jones via Getty Images)

In today’s CEO Daily: Amanda Gerut on CEO “moonshot” pay.
The big story: More worries that the AI bull run is too narrow.
The markets: U.S. futures are up but global equities are otherwise mixed.
Plus: All the news and watercooler chat from Fortune.

Good morning. If it seems like more CEOs are asking for—and getting—so-called “moonshot” pay packages, well, they are, as I reported in a recent feature for Fortune. A moonshot ties CEO compensation almost entirely to aggressive, seemingly impossible targets over five to 10 years. The upshot is often billions in compensation and slices of company ownership. But in the meantime, the CEO gets almost nothing.

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