Tesla Board Chair Defend’s Elon Musk’s Humongous Pay Proposal

Robyn Denholm, the Tesla Board Chair, has come out in support of Elon Musk's proposed compensation package, which is estimated to be worth over $1 trillion. Denholm, who is typically known for being media-shy, is now actively campaigning to get the company's shareholders to back this controversial plan. The proposed package would grant Musk stock options that could potentially make him the world's first trillionaire, provided that Tesla meets certain performance milestones. This move has sparked debate within the investment community, with some questioning the appropriateness of such a massive compensation package. Denholm, however, has defended the proposal, arguing that it is crucial in aligning Musk's interests with those of the company and its shareholders. She has emphasized Musk's instrumental role in Tesla's remarkable growth and success, and believes that the compensation package is justified given the company's potential for continued expansion and profitability.