Elon Musk wins approval for 'staggering' pay deal with potential $55bn bonus

Musk would trigger payout if he builds Tesla into $650bn company Corporate governance experts query 'staggering' pay restructure Elon Musk, the billionaire founder of the electric car company Tesla, has won approval for a new pay deal that could land him a $55.8bn (£40bn) bonus, smashing all compensation records. Tesla's shareholders voted to approve Musk's pay deal at a meeting in Fremont, California, despite warnings from corporate governance experts who have called the package "staggering". ...