In November, Tesla shareholders will vote on a proposed 10-year, $1 trillion compensation package for Chief Executive Elon Musk. Against this backdrop, Robyn Denholm, Chair of Tesla’s Board of Directors, was interviewed to defend what could become the largest compensation package in corporate history. Denholm, who is also a member of the special committee that drafted the compensation plan, stated that Musk requires major challenges tied to ultra-high compensation to stay motivated. At the same time, she noted that Musk has little interest in the additional wealth represented by the promised Tesla shares and is more focused on the voting rights attached to those shares. “I find it a bit odd that the core issue is really about voting influence, yet people are discussing the dollar amount,” Denholm said. With Tesla’s profits and vehicle sales currently declining, introducing such a massive compensation package might appear unreasonable. However, Denholm insisted that the plan focuses on ‘future performance.’
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