"Billions: Dogecoin creator reveals potential for Elon Musk's soaring wealth"
Recently, Tesla CEO Elon Musk's huge compensation plan has attracted widespread attention in the industry. Dogecoin co-founder Billy Marcus, an industry figure with deep ties to Musk, publicly stood up to defend Musk and support his controversial $56 billion compensation plan.
The compensation plan was originally approved by Tesla shareholders in 2018, but set strict conditions: Musk must increase Tesla's market value to at least $650 billion in the next decade. Now that Tesla's market value is close to this goal, as high as $571.6 billion, Musk's dream seems to be within reach. Therefore, Tesla is calling on shareholders to reaffirm their support for this plan, expecting Musk to reap this sky-high salary in the next few years.
However, not all voices are supportive. Glass Lewis, a well-known proxy advisory service company, advised Tesla shareholders to reject the plan, believing that it is too large. One of Tesla's largest shareholders, Norges Bank Investment Management (NBIM), also expressed opposition, worrying that its value is too high.
But Billy Marcus firmly believes that Musk deserves this sky-high salary. He has played a key role in Tesla's transformation, turning the electric car maker into one of the most valuable and influential companies in the world. Marcus believes that as Musk continues to push the boundaries of innovation and sustainable development, this salary is just a drop in the bucket compared to the value he has created for the company and shareholders.
This week, Tesla shareholders will gather to vote on this compensation plan. This will be an important moment in Musk's career. If the plan is passed, Musk will consolidate his position as one of the highest-paid executives in history and may inject more power into his future ambitions and innovative plans. This decision is not only about the future of Tesla, but also about the entire technology industry redefining the value of innovation and leadership.
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