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Tesla board earned $3 billion via stock awards; Kimbal Musk made nearly $1 billion since 2004.
Summary
This article highlights that Tesla's board members collectively earned $3 billion through stock awards, surpassing their tech industry counterparts. Specifically, Elon Musk's brother, Kimbal Musk, reportedly accumulated nearly $1 billion since 2004 from appreciated stock options. This financial detail about a private company's board compensation is generally of low relevance for competitive exams, which focus on broader economic trends or policy rather than specific corporate earnings.
Key Points
- 1Tesla's board members collectively received $3 billion through stock awards.
- 2These stock awards for Tesla board members exceeded those of tech industry peers.
- 3Elon Musk's brother, Kimbal Musk, is noted for significant earnings from these awards.
- 4Kimbal Musk reportedly earned nearly $1 billion from appreciated stock options.
- 5Kimbal Musk's earnings from appreciated stock options have accumulated since 2004.
Full Article
The analysis found CEO Elon Musk’s brother Kimbal has earned nearly $1 billion since 2004, based on the appreciated value of stock options held or liquidated
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