WIRTW: Elon's $1T Package, Prediction Markets on Google, And More
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Elon Musk’s $1 Trillion Pay Package, Prediction Markets as Search Infrastructure, Mamdani Wins NYC Mayoral Race, and more.
What I Read This Week: a summary of the content that I consumed in the previous week… Caught My Eye… 1) Elon Musk’s $1 Trillion Pay Package Tesla shareholders have approved the largest executive compensation package in corporate history: $1 trillion in stock options for Elon Musk, contingent upon hitting a series of operational and market-cap milestones. The plan, first proposed earlier this year and modified after legal challenges to Elon’s prior 2018 pay deal, ties Elon’s earnings to twelve escalating performance tranches. Each tranche vests only if Tesla meets both revenue and…
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