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Outside the Box: Elon Musk’s pay deal is his latest high-risk, high-ideals move

Tesla CEO Elon Musk’s latest pay deal is a high-risk move — one that perhaps no other CEO would accept.

He will be paid nothing over the next decade. Instead, he will be compensated in 10 years if, and only if, the company’s market value hits $650 billion — roughly 10 times the size of General Motors GM, +0.76% today. Tesla’s TSLA, +1.54% own market cap is about $59 billion.

As stated in the announcement, made Tuesday:

Elon will receive no guaranteed compensation of any kind — no salary, no cash bonuses, and no equity that vests simply by the passage of time.

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