1. Elon Musk Says He's Low on Cash. He Could be Right — and it Shows how Complicated CEO Compensation Has Become.

    Elon Musk Says He's Low on Cash. He Could be Right — and it Shows how Complicated CEO Compensation Has Become.
    • Recent filings from a lawsuit against Elon Musk suggest that he testified that he is "financially illiquid," despite an estimated $23.7 billion net worth.
    • Top corporate executives like Musk often receive most or even all of their compensation in the form of potentially illiquid stock or options in the companies they lead, rather than in cash...
    Read Full Article

    Login to comment.

  1. Categories

    1. BoardProspects Features:

      BoardBlogs, BoardKnowledge, BoardMoves, BoardNews, BoardProspects Announcements, BoardProspects CEO, CEO Blog, In the News, Partner Publications, Sponsored Content
  2. Quotes

    1. While the SEC requires a certain calculation, such as using the grant date fair value of unvested equity awards granted, this often doesn't reflect what the executive actually receives once stock awards are vested or options are exercised.
    2. However, it's also pretty common for companies to provide alternative calculations, such as the value of vested stock awards and exercised options, because they think this provides a better picture into what a CEO really makes.
  3. Topics Mentioned

  4. Authors