- In today’s CEO Daily: Diane Brady on Elon Musk’s Tesla pay package.
- The big story: U.S. to reduce flights as shutdown lingers.
- The markets: Mixed, with U.S. futures trending up.
- Plus: All the news and watercooler chat from Fortune.
Good morning. Pope Leo XIV doesn’t like Elon Musk’s trillion-dollar pay package at Tesla. Nor does Norway’s sovereign wealth fund, which owns just over 1% of Tesla shares and plans to vote against the proposal that will be decided today. Still, odds are high that the world’s richest man will get his way as shareholders are rightly worried that he will walk if he doesn’t. His board has said as much, as has Musk. Put aside the questions about whether CEOs are paid too much or it’s tone-deaf to insist on a record-breaking pay package when so many fellow citizens are struggling. Leaders might instead ponder other questions arising from this battle:
