{"id":52721,"date":"2025-09-05T06:38:33","date_gmt":"2025-09-05T10:38:33","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/tesla-board-proposes-new-compensation-for-elon-musk-unicredit-taps-bnp-paribas-for-custody-services\/52721\/"},"modified":"2025-09-05T06:38:33","modified_gmt":"2025-09-05T10:38:33","slug":"tesla-board-proposes-new-compensation-for-elon-musk-unicredit-taps-bnp-paribas-for-custody-services","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/tesla-board-proposes-new-compensation-for-elon-musk-unicredit-taps-bnp-paribas-for-custody-services\/52721\/","title":{"rendered":"Tesla Board Proposes New Compensation for Elon Musk; UniCredit Taps BNP Paribas for Custody Services"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Tesla&#39;s (<a href=\"\/stock\/TSLA\">TSLA<\/a>) board has proposed a new compensation package for CEO Elon Musk, reportedly valued around $29 billion, asserting its necessity to retain his leadership and achieve the company&#39;s ambitious goals, particularly in artificial intelligence and robotics.<\/strong><\/li>\n<li><strong>This new plan serves as an interim award amidst an ongoing legal battle over Musk&#39;s overturned $56 billion 2018 compensation, aiming to ensure his continued focus on Tesla&#39;s strategic pivot until at least 2028 or 2030.<\/strong><\/li>\n<li><strong>In the European financial sector, UniCredit (<a href=\"\/stock\/UCG\">UCG<\/a>) is set to select BNP Paribas (<a href=\"\/stock\/BNP\">BNP<\/a>) as its custodian for operations in both Italy and Germany, a strategic move aimed at streamlining services and reducing costs.<\/strong><\/li>\n<\/ul>\n<p>Tesla&#39;s board of directors has put forward a new compensation package for CEO <strong>Elon Musk<\/strong>, a move they deem &quot;essential&quot; for the company to achieve its long-term objectives. The proposed plan, reportedly valued at approximately <strong>$29 billion<\/strong>, is designed to incentivize Musk and secure his continued leadership, particularly as <strong>Tesla<\/strong> pivots towards ambitious ventures in <strong>AI<\/strong> and <strong>robotics<\/strong>.<\/p>\n<p>This new award comes as an &quot;interim&quot; measure, with the company navigating an ongoing legal dispute over Musk&#39;s original <strong>$56 billion<\/strong> 2018 compensation package, which was previously struck down by a Delaware judge. The board&#39;s proposal aims to ensure Musk&#39;s engagement and focus on <strong>Tesla<\/strong> until at least <strong>2028<\/strong> or potentially <strong>2030<\/strong>, a critical period for the electric vehicle manufacturer&#39;s strategic transformation. The new package is structured to replicate about one-third of the value of the contested 2018 award and is contingent on Musk remaining in a senior leadership role.<\/p>\n<p>In other significant financial news, Italian banking giant <strong>UniCredit (<a href=\"\/stock\/UCG\">UCG<\/a>)<\/strong> has reportedly chosen <strong>BNP Paribas (<a href=\"\/stock\/BNP\">BNP<\/a>)<\/strong> as its custodian for operations across Italy and Germany. This decision is part of <strong>UniCredit&#39;s<\/strong> broader strategy to streamline its custody services, consolidating them under a single partner to enhance efficiency and reduce operational costs. This strategic partnership further solidifies <strong>BNP Paribas&#39;<\/strong> position in the European custody market, following its recent acquisition of <strong>HSBC&#39;s<\/strong> German custody business.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Tesla&#39;s (TSLA) board has proposed a new compensation package for CEO Elon Musk, reportedly valued around $29 billion, 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