US EditionHOW MUCH CEOS MAKE
- In 2024, Elon Musk earned no salary from Tesla, making him the CEO with the smallest reported compensation among leaders of S&P 500 firms last year.
- This salary situation stems from an ongoing 2018 court case that challenged and twice rejected Musk's $56 billion stock-based pay package over flawed approval processes.
- Meanwhile, Axon CEO Rick Smith topped 2024 pay surveys with a $165 million award tied to share price and financial targets, contrasting with Musk’s unchanged salary.
- Musk stated he received $0 salary for seven years while increasing Tesla's value more than 2,000%, a figure excluding stock options and other perks as noted in a viral Wall Street Journal report.
- The pay disparity highlights ongoing debates about executive compensation, where median CEO pay rose to $17.1 million in 2024 amid rising stock market gains and persistent concerns about excessive pay gaps.
15 Articles
15 Articles
Elon Musk was the worst paid executive director of a S&P 500 company last year. Tesla paid him $0. That’s how it has been for several years, in the midst of a legal battle for a huge stock award in 2018. A court has twice overturned Musk’s salary package, calling its creation process flawed, despite two votes in favor of shareholders. Now, Tesla’s business is in trouble, Musk has just come out of his foray into American politics, and Tesla’s boa…
Elon Musk took no salary from Tesla in 2024
Elon Musk is the richest person in the world but how much does his company Tesla pay him for serving as CEO? It might be hard to believe but in 2024, Tesla paid Elon Musk nothing as salary for his role as Chief Executive Officer. According to a report by The Wall Street Journal, Musk hasn’t received any form of compensation from Tesla for several years. The reason lies in an ongoing court case against Musk and Tesla which was filed in 2018 chall…
The world's richest man became the lowest-paid CEO among S&P 500 companies in 2024, taking no salary from Tesla.
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