(Reuters) -Tesla’s board has proposed a $1 trillion compensation plan for CEO Elon Musk in what would be the largest corporate pay package in history.
The newly proposed award is roughly 18 times the size of a contested 2018 pay package – then valued at $56 billion – and is close to the company’s current market valuation.
Tesla’s board earlier this year approved an interim compensation package for Musk worth about $29 billion in restricted stock, designed to keep him at the helm through at least 2030.
Below is a list of total compensation of CEOs of top U.S. companies on a market capitalization basis:
(Reporting by Tom Hals in Wilmington, Delaware, Kritika Lamba, Jaspreet Singh and Zaheer Kachwala in Bengaluru; Editing by Lisa Shumaker, Arun Koyyur, Matthew Lewis, Miral Fahmy and Sriraj Kalluvila)
