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L&A’s Thoughts on the Approval of Tesla’s Pay Package

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L&A’s President, Chris Crawford, shared his thoughts on Tesla’s newly-approved pay package:

“It appears that Shareholders are okay with huge pay, as long as there is huge performance attached. This approval vote seems to swim counter to the current flow of compensation tides written by most media outlets, as this proposed package represents the largest Say on Pay proposal by a long shot. While that answers one big question, it surely brings on a debate of others:

Is it good business to bet that much on one person’s success?

Where is the motivation or reward for the key people making this growth happen day to day?
Should these mega pay packages be all-or-nothing payouts, which has historically led to perverse behavior?”

Time will tell on this research project: https://bnanews.bna.com/employee-benefits/musk-has-a-long-road-ahead-to-earn-his-26-billion-tesla-grant?context=landing-heroes