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Briefly describe stock options as used in executive compensation. Why would a company use stock options to pay its executives and employees? Which features of
Briefly describe stock options as used in executive compensation. Why would a company use stock options to pay its executives and employees? Which features of stock options may make them challenging to accountants? Explain. Briefly summarize the current accounting practice for employee stock options. Which topic(s) and subtopic(s) in the FASB Accounting Standards Codification (ASC) apply to stock option-based compensation? Include numeric citations of the ASC in your discussion. Describe the effects Elon Musk's 2018 pay package has had on Tesla's income statements between 2018 and 2024. You should consult Tesla's SEC filings including 10-K's and proxy statements, for the years affected. Assume you were a shareholder of Tesla in early 2018, would you vote in support of the pay package? Why or why not? Explain. Assume you were a shareholder of Tesla in early 2024, would you support the Delaware court's decision to void Elon Musk's 2018 pay package? Why or why not? Explain
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