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Notably, Kimbal, the brother of CEO Elon Musk, has earned approximately $1 billion since 2004, based on the increase in the value of both exercised and unexercised stock options.
Ira Ehrenpreis has earned $869 million since 2007, while Chair Robyn Denholm has earned $650 million since 2014.
The board members have not been awarded stock options since 2020. In 2021, the board decided to pause compensation for its members as part of a settlement in a lawsuit that accused the company of paying excessive amounts to its directors.
Between 2018 and 2020, the average compensation for Tesla's board members, in the form of cash and stock options, was around $12 million—about three times higher than Alphabet, which came in second among the Magnificent Seven companies.
From 2018 to 2024, including four years when compensation was suspended, Tesla's average director pay was 2.5 times higher than that in Meta, the second-largest company, in the same timeframe.
A Tesla spokesperson told Reuters that board compensation is "not excessive, but is directly tied to stock price performance and the creation of shareholder value." Additionally, in 2024, Tesla directors attended 58 full board and committee meetings, which the spokesperson stated is considerably more than the industry average.
source: reuters.com
Ira Ehrenpreis has earned $869 million since 2007, while Chair Robyn Denholm has earned $650 million since 2014.
The board members have not been awarded stock options since 2020. In 2021, the board decided to pause compensation for its members as part of a settlement in a lawsuit that accused the company of paying excessive amounts to its directors.
Between 2018 and 2020, the average compensation for Tesla's board members, in the form of cash and stock options, was around $12 million—about three times higher than Alphabet, which came in second among the Magnificent Seven companies.
From 2018 to 2024, including four years when compensation was suspended, Tesla's average director pay was 2.5 times higher than that in Meta, the second-largest company, in the same timeframe.
A Tesla spokesperson told Reuters that board compensation is "not excessive, but is directly tied to stock price performance and the creation of shareholder value." Additionally, in 2024, Tesla directors attended 58 full board and committee meetings, which the spokesperson stated is considerably more than the industry average.
source: reuters.com