TSLA shareholders approve Elon Musk's compensation plan:
On Wednesday, Tesla Motors investors approved a compensation plan for CEO Elon Musk that may be the largest such deal in history—despite its lack of a proper salary, cash bonuses, or guaranteed stock awards. The pay plan ensures Musk will stay at Tesla until 2028. But that doesn’t mean he’ll stay on as CEO. The deal requires Musk, who also serves as CEO of SpaceX and has his hand in several other side businesses, remain at Tesla in one of three roles: CEO, executive chairman, or chief product officer.
Tesla ranked #5 in LinkedIn's list of companies where professionals most want to work. Only four companies ranked higher: Amazon (#1), Google (#2), Facebook (#3), and Salesforce (#4).
Tesla doesn’t make small bets, one reason it attracted 500,000 job applicants in 2017. Last year, the company built the world’s biggest battery, while CEO Elon Musk announced plans for electric semis and the world’s fastest production car. Its challenge now is ramping up production of its mass-market Model 3 sedan. Such ambitions require an ever-growing team, from scientists to roofers. Tesla’s known for quick decision-making: Engineers can ship code “without eight layers of approval,” one former employee told LinkedIn. Global headcount: 37,000