Part of the Zicklin Talks Business Webinar Series:
Elon Musk, CEO and product architect of Tesla, is famous for his unconventional compensation package, which includes large grants of stock options designed to incentivize him to drive the firm to meet ambitious market value goals. While the $56 billion in pay indicates that the firm met the performance goals set in the package, it raises important questions.
How high should executive compensation be? Is its purpose to reward the CEO without limit, or to provide just enough incentives to reach certain company goals? Is there any way of knowing how much of a firm’s performance can truly be attributed to one person? Or whether and how a firm’s financial success should be shared with the shareholders as a group, not to mention the firm’s employees, customers, vendors, and local towns and cities?
In this session, Larry Zicklin (BBA, ’57) discusses these questions with Jeroen van Kwawegen, Esq., of the law firm Litowitz Berger & Grossmann LLP, and Gregory Varallo, Esq., also of Bernstein Litowitz Berger & Grossmann LLP. With an introduction by Zicklin School Dean Bruce Weber and a Q&A session moderated by Associate Dean Gwendolyn Webb.
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