马斯克26亿美元薪酬方案遭股东服务集团反对

Shareholder advisory group Institutional Shareholder Services has thrown its weight behind opposition to Elon Musk’s record-breaking $2.6bn compensation package, two weeks before Tesla shareholders are due to vote on the proposal.

为股东提供咨询服务的机构股东服务集团(Institutional Shareholder Services)全力反对埃隆•马斯克(Elon Musk)创纪录的26亿美元薪酬方案。两周后，特斯拉(Tesla)的股东们将就该方案投票表决。

ISS on Thursday said that flaws in the design of the 10-year option award, along with its sheer size, “overshadow the underlying rationale” of giving Mr Musk an outsized incentive to turn the electric car and battery company into one of the world’s biggest companies.

机构股东服务集团周四表示，这一10年期期权奖励存在的设计缺陷及其所涉金额之庞大，“给授予马斯克超大号奖励、以把这家电动汽车和电池公司打造成世界最大企业之一的背后的道理蒙上了阴影”。

The Tesla boss’s stock-based compensation “sets the new high-water mark for an individual equity incentive award at a US public company”, it said.

它表示，特斯拉老板的这一基于股票的薪酬，“为美国上市公司的个人股权奖励设定了新的高标杆”。

The plan, which has already been approved by Tesla’s board, would put Mr Musk in line to receive stock worth up to $55.8bn over the next decade — though he would only earn the full amount if Tesla hits certain profitability targets and its stock market value tops $650bn, roughly 12 times its current level.

该方案已得到特斯拉董事会批准，它将让马斯克有望在未来十年得到价值高达558亿美元的股票。不过，只有当特斯拉达到一定的盈利目标且其市值超过6500亿美元(约为当前市值的12倍)时，马斯克才能得到全部这些奖励。

Based on the company’s own calculations, the options have a current value of more than $2.6bn. That far exceeds other landmark pay awards in the US, like the 10-year stock grant valued at $378m that Tim Cook was given after becoming chief executive of Apple.

根据特斯拉自己的估算，这些期权当前的价值超过26亿美元。这远远超过了美国历史上其他具有里程碑意义的薪酬，比如蒂姆•库克(Tim Cook)在担任苹果(Apple)首席执行官后被授予的需10年兑现的3.78亿美元的股票期权。

Glass Lewis, another shareholder advisory firm that opposes the deal, has estimated the award is worth an even bigger $3.7bn to Mr Musk, using a different method of valuing the options.

另一家为股东提供咨询服务的公司Glass Lewis也反对上述薪酬方案。据Glass Lewis估算，如果使用另一种期权估价方法，马斯克得到的期权的当前价值甚至更大，为37亿美元。

The shareholder advisory groups often play an influential role in how investors cast their votes at company meetings. However, Tesla’s famously loyal shareholders have shown steadfast support for Mr Musk, despite a mixed record in hitting recent operational targets. Mr Musk, who owns just under 20 per cent of Tesla’s stock, has said he won’t vote on the proposal.

为股东提供咨询服务的集团往往会对股东在公司会议上的投票表决产生很大影响。然而，忠诚得出了名的特斯拉股东已对马斯克表示出了坚定支持，尽管特斯拉近来实现营业目标的记录可谓好坏参半。目前持有特斯拉略低于20%股份的马科斯表示，他本人将不参加对该薪酬方案的投票。

Mr Musk was paid a salary of just under $50,000 last year. His last big stock option award, a 10-year plan in 2012, was valued by the company at $78m at the time. After the huge gains in Tesla’s share price since then, the stock covered by that plan is now worth $1.7bn.

去年马斯克领取的薪水略低于5万美元。他上一笔高额股票期权奖励——2012年的一项10年期方案——当时被特斯拉估价为7800万美元。在那之后，特斯拉股价涨幅巨大，那项方案所涵盖的股票如今价值17亿美元。

Tesla’s shares closed down 1 per cent at $329.10 on Thursday.

周四特斯拉股价下跌1%，收报每股329.1美元。