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Exclusive-Tesla board made $3 billion via stock awards that dwarfed tech peers [Yahoo! Finance Canada]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
The analysis found CEO Elon Musk's brother Kimbal has earned nearly $1 billion since 2004, based on the appreciated value of stock options held or liquidated. Director Ira Ehrenpreis has collected $869 million since 2007. Board chair Robyn Denholm has made $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 director ?compensation starting in 2021 to settle a shareholder lawsuit alleging excessive board-member pay. Between 2018 and 2020, however, the average Tesla director received a total of about $12 million in cash-and-stock compensation. That was about eight times as much as the average director at Alphabet, the next highest-paid among the "Magnificent Seven" companies over the same period. The value of those original awards ?skyrocketed along with Tesla's share price in subsequent years. That's also true of the other six firms in the Magnificent Seven – Nvidia, Alphabet,
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