EDITORIAL. The $1 trillion pay package that Elon Musk persuaded Tesla shareholders to adopt was solely intended to portray him as a new kind of entrepreneur, one for whom everything is permitted. This excess is the business world's version of the behavior that Donald Trump has embodied in politics.

Big funds, advisory firms and the Pope oppose the exorbitant plan. Approval means shareholders think the polarizing, distracted CEO can top past successes with an AI-powered…

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