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Factbox-How Elon Musk's pay package compares with other top CEOs in the US

Published 06/13/2024, 01:59 AM
Updated 06/13/2024, 05:40 PM
© Reuters. Tesla Chief Executive Officer Elon Musk gets in a Tesla car as he leaves a hotel in Beijing, China May 31, 2023. REUTERS/Tingshu Wang/File Photo
TSLA
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(Reuters) -Tesla shareholders will vote on Thursday on whether to ratify CEO Elon Musk's $56 billion pay package, which a Delaware judge voided in January because she found he improperly controlled the process.

The company's attempt to seek a shareholder re-vote on the record-breaking pay has put the spotlight on CEO compensation in corporate America. Unlike conventional packages, Musk's $56 billion package did not include a salary or cash bonus. Instead, it set rewards based on Tesla (NASDAQ:TSLA)'s market value rising to as much as $650 billion over the next 10 years from 2018.

© Reuters. Tesla Chief Executive Officer Elon Musk gets in a Tesla car as he leaves a hotel in Beijing, China May 31, 2023. REUTERS/Tingshu Wang/File Photo

Musk said late on Wednesday that shareholders were voting by wide margins to approve the pay package.

Below is a list of total compensation of CEOs of top 10 U.S. companies on market capitalization basis:

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