These CEOs Wanted to Be Paid Like Musk. They Failed

Elon Musk became the world’s richest person in part through a controversial pay plan four years ago that awarded him millions of additional Tesla shares as the company’s valuation swelled. Other tech CEOs took note. Many executives taking their companies public in the years following reached for similarly massive deals. But it hasn’t gone nearly as well for most of them. Thanks to the downturn in tech stocks, many executives who received mega-grants before public listings have been left only a remote chance of hitting the stock price goals that would unlock more shares anytime soon, according to an analysis of securities filings by The Information.