Elon Musk, the CEO of Tesla and SpaceX has regained his position as the world's second-richest person, surpassing Jeff Bezos, the founder of Amazon.
Musk is about to receive a $56 billion pay package from Tesla’s Board.
A coalition of Tesla Inc. shareholders is urging their peers to reject the $56 billion pay package for CEO Elon Musk.
Shareholders are complaining that Tesla's profits are decreasing and layoffs are happening.
There are 24 countries whose GDP is less than $56 billion. These include Belize, Curacao, Seychelles, Saint Lucia, and Antigua and Barbuda.
Musk’s salary is higher than that of other top CEOs in the world like Mark Zuckerberg, Michael Rapino, Tim Cook, and Peter Zaffino.
Elon Musk acquired Twitter on October 27, 2022, and soon after, he took charge as the CEO.