Elon Musk Eclipsed Second-Highest-Paid CEO in 2020 Earnings

Content Krush

Latest on SEO, Content Marketing, Email & Social in Nigeria

MarketingSmall Business

Elon Musk Eclipsed Second-Highest-Paid CEO in 2020 Earnings

elon-musk-eclipsed-second-highest-paid-ceo-in-2020-earnings

The form of pay package tied to high substitute performance metrics is is known as a “moonshot package.” 

Develop Your Industry, No longer Your Inbox

Halt told and be half of our day by day e-newsletter now!

2 min study

Tesla CEO Elon Musk got near to $6.7 billion in compensation in 2020 as a result of stock options that helped him decide Tesla shares at a pre-attach of living sign.

That entire boosted his earnings to 11 instances the amount taken in by the second-perfect-paid CEO for the Twelve months, Oak Avenue Health’s Mike Pykosz.

The form of pay package tied to high substitute performance metrics is is known as a “moonshot package.” 

Associated: Elon Musk’s Tesla Delays the Prolonged-Awaited Cybertruck Till 2022

Pykosz, per the Bloomberg Pay Index, got $568 million, primarily thru stock and option awards, though his salary, bonuses, and perks figured in a bit.

In response to Bloomberg, Musk attach of living a ancient three years within the past when he began the award program and in 2020, now not now not as much as 15 firm leaders got identical awards price $100 million or more. 

He is peaceable firmly on the pause, even as varied corporations incorporate awards identical to his. If truth be told, the Pay Index incorporates a button that affords readers the selection to “Scale with out Elon Musk” because he’s to this level earlier than all americans else on the list. 

Musk’s “moonshot package” labored so successfully for him because Tesla hit the wanted substitute targets primarily based on revenue boost, stock sign, and varied figures that hang been defined in 2018, when the award design modified into as soon as finished.

Right here’s his third straight Twelve months atop Bloomberg’s list.

Associated: 3 Classes We Must Be taught From the Problem-Certain Billionaires

Comment here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Hide Related Posts