Tesla board made US$3b via stock awards that dwarfed tech peers
(Dec 15): Tesla’s board of directors has earned more than US$3 billion (RM12.28 billion) through stock awards that far exceeded the value of those given to peers at the biggest US technology firms at the time they were paid, according to an analysis performed for Reuters by compensation and governance specialist Equilar.
The analysis found CEO Elon Musk’s brother Kimbal has earned nearly US$1 billion since 2004, based on the appreciated value of stock options held or liquidated. Director Ira Ehrenpreis has collected US$869 million since 2007. Board chair Robyn Denholm has made US$650 million since 2014.
Directors reaped such windfalls even though they haven’t awarded themselves new stock grants since 2020. The board agreed to suspend…
