11 billion dollars! Forbes: musk is the highest paid CEO in 2020

Use wechat scan QR code to share with friends and circle of friends < a target = "_ blank" href=" http://www.chinanews.com/ " style="text-decoration-line: none;"> Beijing, May 7 (Xinhua) according to foreign media reports, there may be no "a target =" on the list of top paid CEOs in 2020_ blank" href=" https://news.163.com/news/search?keyword=%E7%89%B9%E6%96%AF%E6%8B%89 "> CEO Elon of Tesla < / a > electric vehicle manufacturing company · < a target ="_ blank" href=" https://news.163.com/news/search?keyword=%E9%A9%AC%E6%96%AF%E5%85%8B "> the name of musk < / a >. However, according to Forbes magazine, he is actually the highest paid CEO in 2020

data chart: musk According to Forbes magazine's assessment, Musk's salary in 2020 will be about $11 billion, all of which will be awarded by Tesla_ blank" href=" https://news.163.com/news/search?keyword=%E8%82%A1%E7%A5%A8%E6%9C%9F%E6%9D%83 "> stock options < / a >. That's much higher than paycom's chief executive, Chad richson, who topped the 2020 revenue list with a salary of $211 million it is reported that the stock option granted to musk is part of the compensation plan he signed with Tesla electric vehicle manufacturer in 2018 in 2018, musk rejected the salary, but linked his salary to Tesla's main key performance indicators. As a result, the CEO of Tesla has no salary for 10 years, but is entitled to stock options equal to 1% of all outstanding securities of the company. Compensation is divided into 12 levels, each level can only be unlocked when Tesla reaches a certain financial target according to Forbes' calculation, musk will receive an option award worth US $13.3 billion in 2020. In order to exercise the power, musk will spend about $2.36 billion. Excluding these costs, the options will add $11 billion to Musk's wealth, Forbes said Forbes also said that musk could not sell the shares immediately, which may be one of the reasons why he did not appear on the list of the highest paid CEOs. However, experts said that most of the analysis of executive compensation focused on the date of the award, rather than when it was exercised Tesla was founded in 2003 as a developer and producer of electric vehicles and related technologies. The company is headquartered in California