Tesla employees suffer consequences for Elon Musk's trillion-dollar payday: 'Incredibly insulting'

https://www.thecooldown.com/green-business/tesla-stock-package-employees-elon-musk/

"Moves by Tesla shareholders troubled investors prior to the Nov. 6 shareholder meeting: the depletion of a stock option pool that was once intended for worker compensation.

Several days after the meeting, Tesla published a letter from Robyn Denholm — Chairperson of the Board of Directors — confirming that a controversial proposal to set aside a "special share reserve" for Tesla CEO Elon Musk received "resounding approval." It will be part of Musk's massive compensation package, yet it isn't technically part of the $1 trillion deal, per Electrek.

What's happening?
Prior to Tesla's shareholder meeting on Nov. 6, Electrek reported on "Proposal 3," which would refill of Tesla's "general share reserve." This was needed because Tesla's employee stock option pool had been drained in the past to fund an "Interim Award" of $26 billion to Musk. These shares were also meant for compensating employees and attracting new talent.

Proposal 3 combines the employee share with 208 million allocated "special" shares worth $97 billion, all of which would go to Elon Musk. To replenish the 120,000-employee pool, shareholders gave their controversial approval. That being "Musk will have 3.5 [times] as many shares … as will be set aside for every other employee at the company combined," according to Electrek."