Paying Elon Musk $1 Trillion - Making a Difficult Decision - By Rick Williams
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The Tesla board of directors, with majority shareholder support, approved a compensation package for Elon Musk worth $1 Trillion. If you served on the board, what steps would you have taken to make the decision, and how would you have voted?
CEOWorld Magazine just published my article examining the issues before the Tesla board and their decision-making process. I use their unprecedented decision as a learning example for all of us as leaders. In the article, I use the five decision-making steps from my book Create the Future as the structure for examining the issues before the board and defining the decisions they had to make.
Go to my article on the CEOWorld Magazine website is HERE.
The Tesla board had to decide between Tesla without Musk as CEO or Tesla with Musk embarking on a new round of high-risk technology and business change. Shareholders and then the board voted in favor of Elon Musk’s high-risk vision and his unprecedented compensation. Read my article and decide how you would have voted.
For more about how to make difficult decisions, check out my best-selling leadership guidebook Create the Future endorsed by business and academic leaders worldwide.
Santa Monica Ferris Wheel
I love walking the Santa Monica, California, beaches. The Santa Monica Pier is a special treat because you are 30 feet above the surfers as they ride waves towards the beach. I find myself judging whether the surfer should try catching each wave as it comes towards them. They must catch the wave at that special moment when it just starts to break. From the Pier, I have a better view of the waves than does the surfer.
OK – I am afraid of heights. Fear and excitement are why we ride the Ferris Wheel. The Santa Monica Ferris Wheel is far out on the pier and high above the water with views up the coast and towards the Hollywood Hills. I captured this image of excitement and drama while watching the surfers on the waves below.
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