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Tesla shareholders approve pay deal for Elon Musk worth US$1 trillion over ten years


Elon Musk, already the world’s richest man by some estimates, had a pay package approved on Friday (AEST) that could give him as much as US$1 trillion ($1.54 trillion) over the next decade.

Required payments, though, would take the value down to US$878 billion ($1.35 trillion). While there were some objectors to the package, the board argued the company could lose Musk and his vision without such a hefty remuneration.

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