Axon Enterprise Inc. has implemented a CEO pay structure that mirrors Elon Musk's performance-based incentives at Tesla. This has resulted in a significant financial gain for Axon's CEO, Rick Smith, pushing his net worth to around $2.5 billion.
The rise in Axon's stock price, combined with Smith's ambitious compensation package, has drawn comparisons between him and Musk. Both have achieved billionaire status through innovative business models and aggressive growth strategies. This trend highlights the growing use of performance-linked compensation in the tech industry, where executives are rewarded based on the company's market performance.