Home » today » Business » After approval by Tesla shareholders … Elon Musk’s wage is 71 instances that of Tim Cook dinner – CNN Economics

After approval by Tesla shareholders … Elon Musk’s wage is 71 instances that of Tim Cook dinner – CNN Economics

An evaluation by Equilar revealed that the common CEO of an organization within the Customary & Poor’s 500 will make about 196 instances what the common employee earns in 2023, however the CEO of Tesla Elon Musk This was not sufficient for him, and he determined to make his wage a number of instances that of the best CEOs in America.

Shareholders vote Tesla On Thursday, the corporate most well-liked to resume Musk’s 10-year fee plan, which valued the corporate in April 2024 at $ 44.9 billion. It was value $ 56 billion at the start of the yr, however Tesla’s inventory worth has a drop of about 25 p.c since then. now.

Musk’s Wage In comparison with CEOs

The common wage of the CEO of a Customary & Poor’s 500 firm in america final yr was $16.3 million, in keeping with information analyzed by Equilar. larger instances.

The proprietor of the biggest wage bundle, in keeping with Equilar, was the CEO of Broadcom, Hock Tan, at about $162 million. If you happen to multiply this quantity by 10, you get $1.62 billion, which signifies that Musk’s wage is 27 instances greater. the wage of the best paid Director within the AD Poor 500 Basic Register.

The CEO of the know-how big Apple Tim Cook dinner He acquired a wage bundle in 2023 to $ 63.2 million, and if we carry out the identical equation earlier than, we discover that Musk’s wage is the same as 71 instances the wage of Cook dinner, who runs an organization that has market worth exceeds three trillion {dollars}.

What does voting imply?

Authorized specialists mentioned Thursday’s vote doesn’t routinely imply Musk will obtain compensation, nevertheless it may strengthen Tesla’s declare to the Delaware regulation.

Analysts believed that passing the compensation bundle would probably make sure the continued management of Tesla by Musk, who owned about 20.5 p.c of the corporate’s shares on the finish of 2023.

It ought to be famous that the common wage of an worker at Tesla final yr was 45.8 thousand {dollars} per yr.

2024-06-16 12:42:45
#approval #Tesla #shareholders #Elon #Musks #wage #instances #Tim #Cook dinner #CNN #Economics

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