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Leaders are making a lot of money, but Elon Musk has eliminated his water competition in 2018, according to a new New York Times study.
The study, conducted with Equilar's executive compensation consulting firm, examined executive compensation for 200 large publicly traded companies last year.
According to the report, Tesla CEO Elon Musk received nearly $ 2.3 billion last year, mostly in the form of stock options. David M. Zaslav of Discovery has won $ 129 million.
It's such a disparity that the Times had to "add an extra dimension" to its chart showing the compensation of top CEOs. While the other 199 leaders in the list are represented by a standard bar chart, the Musk line is illustrated with a two-dimensional rectangle.
To put this in perspective, the left-hand column in the table below shows the total compensation for Musk for 2018 by Tesla, while the stack of bars in the right column shows the total sum of the next 65 listed executives. from the Times:
Tesla's Musk Compensation Program is rare among top executives. Approved by the Tesla Board of Directors in March 2018, the group awards options to Musk if Tesla takes significant milestones in terms of market capitalization over the course of a decade.
Several commentators of the time have pointed out the unusual nature of the compensation program. Troy Wolverton of Business Insider pointed out that Musk already controlled a large part of Tesla's stock and that he therefore already had strong incentives to increase the company's market capitalization.
Read more: Elon Musk and the SEC are fighting a fierce battle over one of Musk's tweets – here's what you need to know about their dispute
Musk's disproportionate remuneration coincided with a tumultuous year for him and society. In an article accompanying the study on CEO salaries, the Times observed that Tesla had problems with the increase in production of their cars. In addition, a Musk's tweet Last August, suggesting that he had "secured financing" to privatize the company had led to an SEC investigation and ongoing legal battle.
Tesla 's stock price soared in 2018, eventually reaching around 4% over the year. In 2019, the stock dropped significantly as the business continued to hurt:
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