On Tuesday, Elon Musk announced his plans to stay on as Tesla's CEO for the next decade. With that agreement, Musk also unveiled a new proposed compensation strategy, which Andrew Ross Sorkin in The New York Times calls possibly "the boldest pay plan in corporate history." He would only be paid if Tesla reaches a set of aggressive milestones that will eventually grow the company's valuation to more than $650 billion. Tesla is currently valued at around $59 billion. While the plan would allow for Musk to earn billions more, if he doesn't reach the milestones, he would get nothing. Musk is worth a reported $22 billion, but the official salary he currently receives from Tesla is far more modest: The CEO earns just around $37,000 per year. (Musk is also the CEO of SpaceX, which is privately held.)

If Musk had things his way, he says, he'd choose not to take a salary at all. But because California law prohibits him from earning less than minimum wage, he still draws a token salary, according to the Times. The CEO can choose not to spend the money, however. "I don't cash it," he told the Times. "It just ends up accumulating in a Tesla bank account somewhere."