Businessman Elon Musk has clinched the largest corporate pay award in history. This after shareholders of Musks electric car company Tesla approved his record-breaking one-trillion-dollar or more than R17 trillion pay package.
Musk, who is also CEO of SpaceX and xAI, threatened to leave Tesla if the pay package was not approved.
The new package will include 12 tranches of stock and could give Musk control over 25 of Tesla if he hits a series of milestones and is able to expand the companys market cap to 8.5 trillion dollars over the next decade.
