The Tesla pay package is a model of good governance because it aligns executive compensation directly with the creation of shareholder value.

“I really think that it is worth having this become the kind of beacon for all boards to consider and it seems like shareholders in aggregate are applauding the concept and look Elon is a special guy and he gets special treatment. But I think that it moves the needle and should move the needle a litt”

Shareholders were correct to re-approve the compensation package because Elon Musk delivered on his performance targets and is vital to the company's future.

“I think shareholders wisely approved the package because I think there was some chance that if they were nagged that Elon could leave the company. And I still think he's absolutely vital to all the innovation that's going to come in the future from Tesla.”