Compensation Kings: Top 15 U.S. CEOs

By Jordan Robertson and Bloomberg Rankings - 2013-07-11T23:22:29Z

Photograph by Valentin Flauraud/Bloomberg    

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2. Elon Musk, Tesla Motors

Total compensation: $78.2 million

The compensation package for Tesla Motors CEO Elon Musk consists almost entirely of stock options that vest over ten years, provided certain targets are met. Shares of the Palo Alto, California-based electric car company are up 271 percent this year, giving Tesla a market value of $15 billion.

Tesla's board of directors said Musk, who has a fortune worth about $6.8 billion, deserves a generous incentive package because the company wants to "appropriately reward the CEO’s previous and current contributions and to create incentives for the CEO to continue to contribute significantly," according to a public filing.