Saturday, October 20, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Google Could Charge Android Partners in Europe up to $40 per Device
Samsung Display Develops Under Panel Sensor, Fingerprint On Display AMOLEDs
The 9th Generation Intel Core i9-9900K is Actually the World's Best Gaming Processor
European Commission Approves Acquisition of GitHub by Microsoft
Samsung, LG Launch Trade-in Promotions to Help Sales Of Latest Flagship Smartphones
Fujitsu's Cooling Control Technology Reduces Datacenter Energy Consumption
Tesla Unveils new $45,000 Model 3
Micron Wants to Buy Remaining Interest in IM Flash Technologies to Advance the 3D XPoint Technology
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Tesla's...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, January 23, 2018
Tesla's Musk Will Be paid Only When Company Has a Profit


Tesla Chief Executive Officer Elon Musk will continue to lead the electric-car maker under a pay deal tied strictly to stock performance and profit.

Musk will receive no salary or bonus, with compensation based on a 10-year grant of stock options vesting in 12 tranches linked to the company reaching a market capitalization of $100 billion and then to increases in $50 billion increments, as well as to milestones for revenue and adjusted earnings before interest, taxes, depreciation and amortization, Tesla said in a statement.

The agreement requires Musk to remain as CEO or serve as executive chairman and chief product officer, and is aimed at ensuring that he "will continue to lead Tesla?s management over the long-term while also providing the flexibility to bring in another CEO who would report to Elon at some point in the future," the company said.


Previous
Next
JDI Develops Transparent Glass-based Capacitive Fingerprint Sensor        All News        Samsung, LG Comment on US Safeguard on Washers
JDI Develops Transparent Glass-based Capacitive Fingerprint Sensor     General Computing News      LG Display Q4 Profit Fell on Low Panel Prices, New OLED Investments

Get RSS feed Easy Print E-Mail this Message

Related News
Tesla Unveils new $45,000 Model 3
Tesla Moves Closer to China With $2 billion Shanghai Gigafactory
Elon Musk Says New Autopilot Chip Coming In Six Months
Tesla's Software Version 9.0 Released, New AutoPilot Features Are Missing
Tesla Met Q3 Production Targets for Model 3
Elon Musk Reaches Settlement With SEC, Resigns as Chairman
SEC Sues Elon Musk Over Misleading Investors
U.S. Justice Department Probes Elon Musk Over Statement on Taking Tesla Private
New NVIDIA Tesla T4 GPU and New TensorRT Software Enable Intelligent Voice, Video, Image and Recommendation Services
Tesla Announces Executive Promotions
Elon Musk Smoked Marijuana on Live Podcast
Tesla to Remain a Public Company

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .