global economy

In 2020, musk will pay 71 billion yuan, becoming the highest paid CEO in the world From Forbes

The following is the In 2020, musk will pay 71 billion yuan, becoming the highest paid CEO in the world From Forbes recommended by recordtrend.com. And this article belongs to the classification: global economy .

Although we can’t find Elon Musk in the list of the highest paid CEOs in 2020, he is actually the highest paid CEO of all. A few days ago, according to Forbes magazine’s assessment, Tesla paid musk about $11 billion (about 71 billion yuan) in Tesla shares last year, making it the world’s highest paid CEO in 2020.

In 2020, musk will surpass paycom’s president Chad Richardson and 1Life healthcare’s president Amir Dan Rubin in terms of benefits. Last year, they earned $211 million and $199 million respectively.

It is understood that as early as 2018, musk chose to refuse wages and linked his remuneration to Tesla’s main key indicator performance.

This means that musk has not received a salary for 10 years, but he is entitled to certain stock options after Tesla reaches the corresponding performance milestone.

The plan, initially worth about $2.3 billion, was implemented in 10 years, but it didn’t take effect until 2020.

It is reported that the option awards detailed in the 2018 compensation plan require Tesla to reach various milestones such as market value, revenue or EBITDA (earnings before interest, tax, depreciation and amortization).

Meanwhile, the compensation package gives musk the right to buy a total of 101.2 million Tesla shares for $70 per share.

According to Forbes, musk could not sell the shares immediately, which may also be one of the reasons why he did not appear on the list of the highest paid CEOs.

However, experts say that most of the analysis of executive compensation focuses on the date of the award rather than when it will be exercised.

Forbes: the top 10 richest people in the world in the past 10 years Forbes: the most influential people in the world in 2018 Ma Yun and Ma Huateng are on Forbes: Amazon CEO’s worth has risen to $141.9 billion, once ranking first on Forbes rich list Forbes: the other six richest people Forbes: the biggest celebrity gold digger of Forbes in 2018 Forbes: Ma Huateng in the top 20 of the world’s billionaires list in 2019 Forbes: the US listed company “fair 100” Microsoft ranks first in 2020 Forbes: Top 10 charitable donations in 2019 Forbes: Bezos won the first place in the world’s billion list in 2021 Forbes: the total number of China’s richest people in the global rich list in 2017 Number 2 in the world Forbes: six rules for you to play social media public relations Forbes: Top 100 listed family businesses in 2017 Xu Jiayin’s family ascends Forbes: a review of the Taiwan rich who got rich from Apple Forbes: Tesla’s way to success in disruptive innovation Forbes: apple, the world’s most valuable brand, won the championship again in 2013

If you want to get the full report, you can contact us by leaving us the comment. If you think the information here might be helpful to others, please actively share it. If you want others to see your attitude towards this report, please actively comment and discuss it. Please stay tuned to us, we will keep updating as much as possible to record future development trends.

RecordTrend.com is a website that focuses on future technologies, markets and user trends. We are responsible for collecting the latest research data, authority data, industry research and analysis reports. We are committed to becoming a data and report sharing platform for professionals and decision makers. We look forward to working with you to record the development trends of today’s economy, technology, industrial chain and business model.Welcome to follow, comment and bookmark us, and hope to share the future with you, and look forward to your success with our help.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button