Elon Musk’s pay deal is a better model for CEO compensation

Elon Musk’s pay deal is a better model for CEO compensation

Reed’s viewElon Musk’s pay package — roughly $1 trillion in Tesla shares if he hits otherworldly milestones over the next decade — has become the subject of intense debate.But while 13 figures may be a bit high, the compensation is different in one important way from most public company leaders: It’s linked to the long term. Most public company CEOs are compensated on short-term metrics, a well-documented problem. And compensation for chief exec…