Already the world’s richest man, Elon Musk is defending his proposed $1 trillion Tesla pay package —arguing it’s less about joining the trillionaires club and more about making sure he can’t be sidelined.
“I just don’t feel comfortable building a robot army here and then being ousted because of some asinine recommendations from ISS and Glass Lewis who have no freaking clue. I mean, those guys are corporate terrorists,” Musk said Wednesday on Tesla’s quarterly earnings call, referring to the proxy advisory services who are urging investors to reject the pay plan.
The proposal would award Musk up to $1 trillion in stock if he meets key performance targets, including growing the company to an $8.5 trillion market cap, more than a 500% increase from today’s valuation. Musk insisted t