Musk’s Tesla Pay Proposal Should Be Rejected, DiNapoli Says

The Tesla Inc. pay package for Elon Musk is overly generous and lacks clear performance metrics to justify the $1 trillion the world’s richest person could earn under the automaker’s proposal, New York State Comptroller Thomas DiNapoli said.

“The board oversight has not been as independent or as stringent as it should be. How many billions and trillions does one person need to make?” DiNapoli said in a Bloomberg Television interview Thursday. “My concern is that the compensation package, while it may have some broad milestones in there, there really should be more clear metrics to really justify this very, very generous payout. How much money does one person need?”