Win and take it all or lose for nothing? Can Musk make it right again?
@Tiger_comments:
$Tesla Motors(TSLA)$ shareholder meeting vote is set to begin today, and the market widely expects Musk’s compensation package to pass.Tesla investors now face an unprecedented decision — one that could redefine the rules of executive pay and corporate governance.Win, and Musk takes it all. Lose, and it’s all for nothing. This isn’t Musk’s first all-in gamble.His pay-for-performance plans date back to 2012, when Tesla’s market cap was just $3.2 billion. At the time, management set 10 performance milestones — the toughest being a $43.2 billion valuation target. That meant Tesla would need to grow more than tenfold. In addition to valuation goals, operational milestones were also set, such as reaching 300,000 vehicles in cumulative production.Musk n