Elon Musk is poised to receive a payout that could reach one trillion dollars, pending approval from Tesla shareholders. This unprecedented package highlights both the rising trend of massive CEO compensation and ongoing concerns about global wealth inequality.
The proposed payout, spread over 10 years in shares and stock options, could almost double Musk’s current estimated 13% ownership stake in Tesla, Inc. If approved, it would make him the first person ever to become a trillionaire solely through corporate earnings.
To put this figure into perspective, one trillion dollars surpasses the 2024 Gross Domestic Product (GDP) of 170 countries, including Singapore, the UAE, Switzerland, Sweden, Norway, Hong Kong, Qatar, and New Zealand.
On Thursday, Tesla’s shareholders will convene in Texas to vote on this record-breaking payout, which could set a new precedent in corporate governance.
Wealth inequality campaigners have condemned the payout as "staggering and wholly abhorrent" considering the ongoing global crises such as wars, famines, droughts, and disease.
Activists argue that the vast sum could do immense good if redirected to address global challenges.
For instance, the United Nations World Food Programme estimated in 2021 that approximately $40 billion annually is required to eradicate world hunger by 2030 — totaling around $400 billion over a decade.
Elon Musk’s unprecedented payout proposal spotlights the extremes of wealth accumulation amid global crises, intensifying debates on corporate power and social responsibility.