Elon Musk has come under recent scrutiny from the SEC for some ill-advised tweets, from shareholders about closing stores, and even paparazzis for his relationship to indie musician Grimes.
Those blows were probably softened by his $2.28 billion compensation last fiscal year from Tesla. That means his compensation is 40,668 times more than the median Tesla workers, which is about $56,200, according to Bloomberg.
Tesla has about 48,800 employees, the news outlet reported. The majority of Musks total compensation, which would be paid out over 10 years, is in stock options contingent on Tesla hitting several targets for revenue, market value and more, Bloomberg said.
So far, the company has met two of the 16 goals, according to that news organization. Tesla is required to pay Musk at least minimum wage, about $37,000 a year, but he told the New York Times he doesnt cash the checks and therefore does not receive an annual salary.
Tesla had the largest CEO-to-median worker compensation ratio among public companies in the data analyzed by Bloomberg. However, Musks realized compensation last year was $56,380, which would make the CEO to median worker ratio 1-to-1, according to documents Tesla filed with the SEC.
In addition to salaries and stock options, CEO compensation can include bonuses and even additional costs incurred by companies on their bosses behalves.
For example, Facebook CEO Mark Zuckerberg had a salary of just $1 but a total compensation of $8.85 million in fiscal year 2017. That includes $7.3 million for Zuckerbergs personal security at his Palo Alto home, as well as when hes traveling, plus $1.5 million for his use of a private airplane, according to a 2018 proxy statement.
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