AutoBeta(AutoBeta.net)07/01 Report--

Today, according to China Business Statistics released a ranking of the annual salaries of 13 auto companies in 2021, Tesla Musk ranked first, with an annual salary of 157.5 billion yuan in 2021, followed by Stellantis's Tang Weishi, who earned 456 million yuan in 2021, followed by GM Mary. Bora and Ford Jim. Farley's annual salary in 2021 is 200 million yuan and 150 million yuan respectively. The seventh to 13th places were BYD Wang Chuanfu 5.798 million yuan, Great Wall Wei Jianjun 5.748 million yuan, Changan Automobile Zhu Huarong 2.4748 million yuan, SAIC Chen Hong 1.944 million yuan, BAIC Langu Liu Yu 1.6 million yuan, ideal car Li Xiang 1.504 million yuan and Xiaopeng he Xiaopeng 1.352 million yuan respectively. It is worth noting that at the bottom of the list is Xiaopeng car he Xiaopeng, whose salary in 2021 was 1.352 million yuan, 116000 times worse than that of No. 1 Musk.

In response to the ranking, many netizens said: this gap is really a little big. Another netizen pointed out: Musk, that is not an annual salary. They sell their own shares.

Indeed, about Tesla CEO Musk's salary of 157.5 billion yuan in 2021, it mainly comes from the stock option granted to him by Tesla in 2018. It is understood that on March 21, 2018, the special shareholders' meeting of Tesla approved Musk's compensation plan for the next ten years. According to the plan, Musk does not have any salary or cash reward, and his income is completely linked to Tesla's market capitalization and operating performance. According to the plan, if Musk can lead Tesla to achieve many goals, then he will get about 20.3 million stock options. Specifically, Tesla set 12 market capitalization targets, each $50 billion more than the previous one, starting at $100 billion. If the company has an average market capitalization of $100 billion over six months, it will receive the first award of about 1.7 million shares.

In addition, Musk is also a major shareholder and CEO of SpaceX rocket maker SpaceX, and his only reward is to get more options based on Tesla's growing market capitalization, revenue and profits. Some analysts had earlier predicted that if Musk gets all the dividends, the award will become the highest option award for an American executive in US history. In addition, in recent years, with the rapid growth of Tesla's performance and market value, Musk has also received a considerable salary, which has been "slaughtered" for four consecutive years. Back at the end of May, Musk earned more than the other nine ceo combined, according to a Fortune magazine survey of the top 10 ceo.

As for he Xiaopeng's annual salary of 1.352 million in 2021, many netizens said that the gap between this salary and Tesla Musk is too big. In fact, among the new forces of car building in China, many senior executives are paid more than the head of the company. According to the earlier media release of a list of the top 50 individual annual salaries of executives of domestic auto companies, there has been a heated discussion on the Internet. Judging from the exposed list, the salary of the top executive is not the most. At the top of the list is Xiaopeng Vice Chairman Gu Hongdi, who earns 434 million yuan in 2021, surpassing Liu Chiping, president of Tencent Group, with an annual salary of 428 million yuan in 2021. However, then in response to the news, Xiaopeng Automobile responded: "there is a big difference between the fact that the annual salary of a high level of Xiaopeng Automobile has reached 435 million yuan, and the value of the shares held by the executive has been misinterpreted as annual salary." In the salary disclosed to the public, more than 99.5% are the equity incentives accumulated over the years, not the income in a year, but the sum of the equity incentives accumulated over the years. As the valuation of the company has greatly improved before and after the listing, the equity value has also risen, and the actual annual salary of the executive is more than 2 million yuan. The phenomenon of low pay for top leaders also exists in ideal cars. According to relevant data, Shen Yanan, president of ideal Automobile, will be paid 36 million yuan in 2021, which is also higher than the annual salary of CEO Li Xiang.

With the rapid development of electrification, the executive compensation of the automobile industry is constantly refreshed. In order to retain and attract high-tech talent, many car companies also offer generous treatment to their executives, so it is not difficult to understand why some executives are paid more than CEO.

Welcome to subscribe to the WeChat public account "Automotive Industry Focus" to get the first-hand insider information on the automotive industry and talk about things in the automotive circle. Welcome to break the news! WeChat ID autoWechat