from Hacker News

Elon Musk is doing for executive compensation what he did for electric cars

by lavamantis on 5/8/16, 6:37 PM with 9 comments

• by FireBeyond on 5/8/16, 7:51 PM

  "Multi billionaire who would never have to work another day in his life, who could quit now and spend a million dollars a DAY for the next say forty years of his life and still have money in bank, agrees to compensation plan based on value added, not increasing his treasure chest."

  Or "man who doesn't need more, doesn't ask for more".

• by thevibesman on 5/8/16, 7:35 PM

  I think this is an interesting compensation plan and agree that this seems like a more modern and practical compensation plan than the example from Ford.

  I'm curious what sort of milestones/requirements Musk would put in place as Chairman if he were to hire another CEO. I would guess this might include some sort of environmental requirements to continue things like Musk's strong dedication to 100% electric (no long-range gas tank).

• by mempko on 5/8/16, 9:17 PM

  What I like about old compensation package vs this one is that before, they didn't even pretend that CEO's have a huge influence on the quality of product. Now, Musk gets to pretend he had some important role in creating a quality product.