The issue of high salaries for corporate executives is a sensitive topic, especially under the current concept of promoting common prosperity, which is pushed to a climax.
Speaking of Musk, you may think that this person is very powerful, Tesla motors layout global, space launch is also very successful, now Musk has become the top pillar of the United States, the country's space projects must use their company's spacecraft to launch into the sky.
Today's fortune list is the world's richest man, of course, most of the assets are from Tesla stock.
But the famous Tesla, the richest man in the United States, has encountered a lot of trouble.
According to related reports, a Tesla shareholder sued Musk and the board of directors, questioning that a compensation package it passed in 2018 against Musk violated fiduciary duties.
The report pointed out that Tesla shareholder Richard M. J. Tornetta filed a lawsuit against Musk and Tesla's board after Musk's compensation package was approved. The lawsuit stated that the compensation package was excessive, and the board agreed that the plan was in breach of its fiduciary duties.
It is reported that Musk's compensation plan in 2018 includes 12 stock options, with a total of 101.3 million shares. According to the content of the plan, if Musk can meet the requirements of 12 stock options, he can get the corresponding stock reward, which was worth about $2.5 billion when it was approved.
Torneta said there was an undisclosed conflict between Tesla shareholders, and Musk developed his own compensation package with the assistance of his former divorce lawyer, Todd Malone, who was also Tesla's general counsel at the time.
Musk's 2018 compensation package, Tesla's board of directors did not disclose all the relevant information to shareholders when voting. Therefore, this remuneration package should be invalidated.
In response to the lawsuit, Musk's lawyers have asked the court to issue a summary judgment and tried to dismiss the lawsuit. However, the President of the Court annulled the summary judgement decision and requested a hearing.
We know that although the system in Western countries has many drawbacks, which is obvious to all, it is very perfect for the company's executive salary system and legal control, and there are quite strict regulations on the remuneration of company executives from the company law, and the supervision of it is also very strict. Therefore, although Western countries also say that there will be abnormal salary problems, it is still controllable in general.
In recent years, due to the integration of China and various Western systems, among which the company's executive compensation is also in line with the West, some executive compensation is getting higher and higher every year, of course, if it is true that the company's efficiency is particularly good, creating great value for the entire company, the salary high point does not matter, everyone may not be very happy, but it can still be said.
However, at present, there are many companies whose benefits are not particularly good, and the money owed to a large number of suppliers is not given, but the company's executives are desperately raising wages, often tens of millions, and even many have exceeded 100 million. This is to make everyone not understand, but also to make the general public indignant, is it that these people's salaries are so high, is there no restriction at all? No regulation at all?
Let's look at the salaries of executives in Chinese companies