Elon Musk got his mega-pay package, but Marc Benioff might not be so lucky

Like
1
Favorite

Elon Musk got his mega-pay package, but Marc Benioff might not be so lucky

Fortune07-03

CEOs’ cups runneth over, largely because they’re serving themselves. And the billionaire CEO of Salesforce, Marc Benioff, is no exception. But it seems as if Benioff’s spree is slowing down ever so ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（1）

Win8333
·07-03
Pays Elon Musk $56b, what for? Pay me $1b and I will recruit the entire team of BYD with a $55b budget. Vote for me, boys!
Reply
Like
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2448113407?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/DoORLX6b62wnIWs332q3.g--~B/aD0xMzY1O3c9MjA0ODthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/fortune_175/124b2543753c3d64c7a75136b098dd2e","is_english":true,"pubTime":"2024-07-03 05:06","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2448113407","market":"us","top_or_hot":-1,"title":"Elon Musk got his mega-pay package, but Marc Benioff might not be so lucky","media":"Fortune","content":"<div>\n<p>CEOs’ cups runneth over, largely because they’re serving themselves. And the billionaire CEO of Salesforce, Marc Benioff, is no exception. But it seems as if Benioff’s spree is slowing down ever so ...</p>\n\n<a href=\"https://finance.yahoo.com/news/elon-musk-got-mega-pay-210647136.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Elon Musk got his mega-pay package, but Marc Benioff might not be so lucky</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nElon Musk got his mega-pay package, but Marc Benioff might not be so lucky\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-03 05:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/elon-musk-got-mega-pay-210647136.html><strong>Fortune</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>CEOs’ cups runneth over, largely because they’re serving themselves. And the billionaire CEO of Salesforce, Marc Benioff, is no exception. But it seems as if Benioff’s spree is slowing down ever so ...</p>\n\n<a href=\"https://finance.yahoo.com/news/elon-musk-got-mega-pay-210647136.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0466842654.USD","symbol_name":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","start_time":0,"source_url":"https://finance.yahoo.com/news/elon-musk-got-mega-pay-210647136.html","article_id":"2448113407","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/DoORLX6b62wnIWs332q3.g--~B/aD0xMzY1O3c9MjA0ODthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/fortune_175/124b2543753c3d64c7a75136b098dd2e"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2448113407","pubTimestamp":1719954407,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"CEOs’ cups runneth over, largely because they’re serving themselves. And the billionaire CEO of Salesforce, Marc Benioff, is no exception. But it seems as if Benioff’s spree is slowing down ever so slightly, as his shareholders just pumped the brakes on his latest hefty compensation package.Alongside the suggested pay plans of other Salesforce executives, Benioff’s proposed compensation was rejected by 404.8 million votes , according to a Securities and Exchange Commission filing published on Monday.While the board encouraged shareholders to accept said proposal, two shareholder advisory companies, Glass Lewis and Institutional Shareholder Services, suggested otherwise, according to CNBC. The shareholders’ vote, however, is not binding, meaning Benioff could still get his million-dollar bonus.Gerber, a shareholder himself, excoriated the Tesla board ahead of its second vote. “Not only is the board not independent, they basically work for Elon,” he told Fox Business. “At some point, you","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","BK4567":"ESG概念","LU1046421795.USD":"富达环球科技A-ACC","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","BK4579":"人工智能","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","LU1496350171.SGD":"FRANKLIN DIVERSIFIED BALANCED \"A\" (SGDHDG) ACC","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","BK4550":"红杉资本持仓","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","LU1496350502.SGD":"FRANKLIN DIVERSIFIED DYNAMIC \"A\" (SGDHDG) ACC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0557290698.USD":"施罗德环球可持续增长基金","TSLA":"特斯拉","LU0889566641.SGD":"FTSF - Templeton Shariah Global Equity A Acc SGD","BK4551":"寇图资本持仓","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU1791710582.SGD":"Fidelity Global Demographics A-ACC-SGD (SGD/USD hedged)","BK4561":"索罗斯持仓","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","LU1791710400.SGD":"Fidelity Global Demographics A-ACC-SGD","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4099":"汽车制造商","LU0056508442.USD":"贝莱德世界科技基金A2","LU1803068979.SGD":"FTIF - Franklin Technology A (acc) SGD-H1","CRM":"赛富时","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","BK4528":"SaaS概念","LU0109392836.USD":"富兰克林科技股A","LU2063271972.USD":"富兰克林创新领域基金","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","BK4585":"ETF&股票定投概念","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC"},"translate_title":"埃隆·马斯克获得了巨额薪酬，但马克·贝尼奥夫可能就没那么幸运了","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CRM":1,"TSLA":0.9},"content_text":"CEOs’ cups runneth over, largely because they’re serving themselves. And the billionaire CEO of Salesforce, Marc Benioff, is no exception. But it seems as if Benioff’s spree is slowing down ever so slightly, as his shareholders just pumped the brakes on his latest hefty compensation package.\nAlongside the suggested pay plans of other Salesforce executives, Benioff’s proposed compensation was rejected by 404.8 million votes (versus 339.3 million in favor), according to a Securities and Exchange Commission filing published on Monday. \nLike many bigwigs, Benioff’s real worth comes from his stock options. His base salary stayed at $1.55 million, but he raked in $39.6 million in the 2024 fiscal year. The prior year, Benioff made $29.9 million, and his worth ballooned as Salesforce offered him yet more stock grants, including a $20 million equity opportunity in the plan shareholders just rejected, according to a Salesforce proxy statement.\nWhile the board encouraged shareholders to accept said proposal, two shareholder advisory companies, Glass Lewis and Institutional Shareholder Services, suggested otherwise, according to CNBC. The shareholders’ vote, however, is not binding, meaning Benioff could still get his million-dollar bonus.\nSalesforce did not immediately respond to Fortune’s request for comment.\nBoth executives and shareholders have made out quite nicely in the shadow of the pandemic. Shareholder payouts and CEO pay have “risen to record levels,” according to nonprofit Oxfam's report analyzing more than 200 of the largest U.S. corporations. CEO pay has jumped by 31% from 2018 to 2022, per said study.\n“The rules are being rigged, and the companies are helping to rig them,” Irit Tamir, senior director of Oxfam America’s private sector department, told Fortune in March, adding that “we are essentially in a new Gilded Age.” \nLook no further than Elon Musk’s recent victory to see how the game is played. Earlier this year, a judge in Delaware ruled that Musk’s proposed pay package for Tesla, worth a record $55 billion, wasn't justified and called it an “unfathomable sum.”\n“The process leading to the approval of Musk’s compensation plan was deeply flawed,” Chancellor Kathaleen McCormick wrote, adding that the CEO “had extensive ties with the persons tasked with negotiating on Tesla’s behalf.”\nEven so, the board pushed back against this decision and asked shareholders again to vote on the package. They overwhelmingly sided with Musk, granting back a pay plan now valued at $44.9 billion, per the Associated Press. That’s even though Musk has been criticized for splitting his attention among too many projects, even being called an “absent CEO” by Gerber Kawasaki CEO Ross Gerber. \nGerber, a shareholder himself, excoriated the Tesla board ahead of its second vote. “Not only is the board not independent, they basically work for Elon,” he told Fox Business. “At some point, you’ve just got to say, this board needs to be replaced.” \nEven so, Musk’s absence appears to be worth billions in the pandemic era of the CEO. The same can’t be said for Benioff as of yet—but that could change.\nThis story was originally featured on Fortune.com","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":323332759642200,"gmtCreate":1719968896869,"gmtModify":1719970439503,"author":{"id":"4116194624864142","authorId":"4116194624864142","name":"Win8333","avatar":"https://community-static.tradeup.com/news/5ad24be330a750ad5714078337b91645","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"4116194624864142","authorIdStr":"4116194624864142"},"htmlText":"Pays Elon Musk $56b, what for? &nbsp;Pay me $1b and I will recruit the entire team of BYD with a&nbsp;$55b budget. &nbsp;Vote for me, boys!","listText":"Pays Elon Musk $56b, what for? &nbsp;Pay me $1b and I will recruit the entire team of BYD with a&nbsp;$55b budget. &nbsp;Vote for me, boys!","text":"Pays Elon Musk $56b, what for? Pay me $1b and I will recruit the entire team of BYD with a $55b budget. Vote for me, boys!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/323332759642200","repostId":2448113407,"repostType":2,"repost":{"id":"2448113407","pubTimestamp":1719954407,"share":"https://ttm.financial/m/news/2448113407?lang=&edition=fundamental","pubTime":"2024-07-03 05:06","market":"us","language":"en","title":"Elon Musk got his mega-pay package, but Marc Benioff might not be so lucky","url":"https://stock-news.laohu8.com/highlight/detail?id=2448113407","media":"Fortune","summary":"CEOs’ cups runneth over, largely because they’re serving themselves. And the billionaire CEO of Salesforce, Marc Benioff, is no exception. But it seems as if Benioff’s spree is slowing down ever so slightly, as his shareholders just pumped the brakes on his latest hefty compensation package.Alongside the suggested pay plans of other Salesforce executives, Benioff’s proposed compensation was rejected by 404.8 million votes , according to a Securities and Exchange Commission filing published on Monday.While the board encouraged shareholders to accept said proposal, two shareholder advisory companies, Glass Lewis and Institutional Shareholder Services, suggested otherwise, according to CNBC. The shareholders’ vote, however, is not binding, meaning Benioff could still get his million-dollar bonus.Gerber, a shareholder himself, excoriated the Tesla board ahead of its second vote. “Not only is the board not independent, they basically work for Elon,” he told Fox Business. “At some point, you","content":"<html><body><p>CEOs’ cups runneth over, largely because they’re serving themselves. And the billionaire CEO of Salesforce, Marc Benioff, is no exception. But it seems as if Benioff’s spree is slowing down ever so slightly, as his shareholders just pumped the brakes on his latest hefty compensation package.</p>\n<p>Alongside the suggested pay plans of other Salesforce executives, Benioff’s proposed compensation was rejected by 404.8 million votes (versus 339.3 million in favor), according to a Securities and Exchange Commission filing published on Monday. </p>\n<p>Like many bigwigs, Benioff’s real worth comes from his stock options. His base salary stayed at $1.55 million, but he raked in $39.6 million in the 2024 fiscal year. The prior year, Benioff made $29.9 million, and his worth ballooned as Salesforce offered him yet more stock grants, including a $20 million equity opportunity in the plan shareholders just rejected, according to a Salesforce proxy statement.</p>\n<p>While the board encouraged shareholders to accept said proposal, two shareholder advisory companies, Glass Lewis and Institutional Shareholder Services, suggested otherwise, according to CNBC. The shareholders’ vote, however, is not binding, meaning Benioff could still get his million-dollar bonus.</p>\n<p>Salesforce did not immediately respond to <em>Fortune’</em>s request for comment.</p>\n<p>Both executives and shareholders have made out quite nicely in the shadow of the pandemic. Shareholder payouts and CEO pay have “risen to record levels,” according to nonprofit Oxfam's report analyzing more than 200 of the largest U.S. corporations. CEO pay has jumped by 31% from 2018 to 2022, per said study.</p>\n<p>“The rules are being rigged, and the companies are helping to rig them,” Irit Tamir, senior director of Oxfam America’s private sector department, told <em>Fortune</em> in March, adding that “we are essentially in a new Gilded Age.” </p>\n<p>Look no further than Elon Musk’s recent victory to see how the game is played. Earlier this year, a judge in Delaware ruled that Musk’s proposed pay package for Tesla, worth a record $55 billion, wasn't justified and called it an “unfathomable sum.”</p>\n<p>“The process leading to the approval of Musk’s compensation plan was deeply flawed,” Chancellor Kathaleen McCormick wrote, adding that the CEO “had extensive ties with the persons tasked with negotiating on Tesla’s behalf.”</p>\n<p>Even so, the board pushed back against this decision and asked shareholders again to vote on the package. They overwhelmingly sided with Musk, granting back a pay plan now valued at $44.9 billion, per the Associated Press. That’s even though Musk has been criticized for splitting his attention among too many projects, even being called an “absent CEO” by Gerber Kawasaki CEO Ross Gerber. </p>\n<p>Gerber, a shareholder himself, excoriated the Tesla board ahead of its second vote. “Not only is the board not independent, they basically work for Elon,” he told Fox Business. “At some point, you’ve just got to say, this board needs to be replaced.” </p>\n<p>Even so, Musk’s absence appears to be worth billions in the pandemic era of the CEO. The same can’t be said for Benioff as of yet—but that could change.</p>\n<p>This story was originally featured on Fortune.com</p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Elon Musk got his mega-pay package, but Marc Benioff might not be so lucky</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nElon Musk got his mega-pay package, but Marc Benioff might not be so lucky\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-03 05:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/elon-musk-got-mega-pay-210647136.html><strong>Fortune</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>CEOs’ cups runneth over, largely because they’re serving themselves. And the billionaire CEO of Salesforce, Marc Benioff, is no exception. But it seems as if Benioff’s spree is slowing down ever so ...</p>\n\n<a href=\"https://finance.yahoo.com/news/elon-musk-got-mega-pay-210647136.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://s.yimg.com/uu/api/res/1.2/DoORLX6b62wnIWs332q3.g--~B/aD0xMzY1O3c9MjA0ODthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/fortune_175/124b2543753c3d64c7a75136b098dd2e","relate_stocks":{"LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","BK4567":"ESG概念","LU1046421795.USD":"富达环球科技A-ACC","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","BK4579":"人工智能","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","LU1496350171.SGD":"FRANKLIN DIVERSIFIED BALANCED \"A\" (SGDHDG) ACC","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","BK4550":"红杉资本持仓","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","LU1496350502.SGD":"FRANKLIN DIVERSIFIED DYNAMIC \"A\" (SGDHDG) ACC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0557290698.USD":"施罗德环球可持续增长基金","TSLA":"特斯拉","LU0889566641.SGD":"FTSF - Templeton Shariah Global Equity A Acc SGD","BK4551":"寇图资本持仓","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU1791710582.SGD":"Fidelity Global Demographics A-ACC-SGD (SGD/USD hedged)","BK4561":"索罗斯持仓","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","LU1791710400.SGD":"Fidelity Global Demographics A-ACC-SGD","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4099":"汽车制造商","LU0056508442.USD":"贝莱德世界科技基金A2","LU1803068979.SGD":"FTIF - Franklin Technology A (acc) SGD-H1","CRM":"赛富时","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","BK4528":"SaaS概念","LU0109392836.USD":"富兰克林科技股A","LU2063271972.USD":"富兰克林创新领域基金","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","BK4585":"ETF&股票定投概念","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC"},"source_url":"https://finance.yahoo.com/news/elon-musk-got-mega-pay-210647136.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2448113407","content_text":"CEOs’ cups runneth over, largely because they’re serving themselves. And the billionaire CEO of Salesforce, Marc Benioff, is no exception. But it seems as if Benioff’s spree is slowing down ever so slightly, as his shareholders just pumped the brakes on his latest hefty compensation package.\nAlongside the suggested pay plans of other Salesforce executives, Benioff’s proposed compensation was rejected by 404.8 million votes (versus 339.3 million in favor), according to a Securities and Exchange Commission filing published on Monday. \nLike many bigwigs, Benioff’s real worth comes from his stock options. His base salary stayed at $1.55 million, but he raked in $39.6 million in the 2024 fiscal year. The prior year, Benioff made $29.9 million, and his worth ballooned as Salesforce offered him yet more stock grants, including a $20 million equity opportunity in the plan shareholders just rejected, according to a Salesforce proxy statement.\nWhile the board encouraged shareholders to accept said proposal, two shareholder advisory companies, Glass Lewis and Institutional Shareholder Services, suggested otherwise, according to CNBC. The shareholders’ vote, however, is not binding, meaning Benioff could still get his million-dollar bonus.\nSalesforce did not immediately respond to Fortune’s request for comment.\nBoth executives and shareholders have made out quite nicely in the shadow of the pandemic. Shareholder payouts and CEO pay have “risen to record levels,” according to nonprofit Oxfam's report analyzing more than 200 of the largest U.S. corporations. CEO pay has jumped by 31% from 2018 to 2022, per said study.\n“The rules are being rigged, and the companies are helping to rig them,” Irit Tamir, senior director of Oxfam America’s private sector department, told Fortune in March, adding that “we are essentially in a new Gilded Age.” \nLook no further than Elon Musk’s recent victory to see how the game is played. Earlier this year, a judge in Delaware ruled that Musk’s proposed pay package for Tesla, worth a record $55 billion, wasn't justified and called it an “unfathomable sum.”\n“The process leading to the approval of Musk’s compensation plan was deeply flawed,” Chancellor Kathaleen McCormick wrote, adding that the CEO “had extensive ties with the persons tasked with negotiating on Tesla’s behalf.”\nEven so, the board pushed back against this decision and asked shareholders again to vote on the package. They overwhelmingly sided with Musk, granting back a pay plan now valued at $44.9 billion, per the Associated Press. That’s even though Musk has been criticized for splitting his attention among too many projects, even being called an “absent CEO” by Gerber Kawasaki CEO Ross Gerber. \nGerber, a shareholder himself, excoriated the Tesla board ahead of its second vote. “Not only is the board not independent, they basically work for Elon,” he told Fox Business. “At some point, you’ve just got to say, this board needs to be replaced.” \nEven so, Musk’s absence appears to be worth billions in the pandemic era of the CEO. The same can’t be said for Benioff as of yet—but that could change.\nThis story was originally featured on Fortune.com","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":0,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}