Tesla (TSLA) shareholders voted to approve CEO Elon Musk's massive pay package, valued at $46 billion based on the company's current stock price. Musk's next battle will be convincing a Delaware judge to ratify the compensation package after a Delaware judge struck the original 2018 pay package down earlier this year.

This victory marks yet another chief executive who has defied the odds and are pushing the boundaries of their own compensation parameters.

Fletcher School of Law and Diplomacy Lecturer Gautam Mukunda sits down with Yahoo Finance to discuss the massive growth and shifts in CEO pay, which he describes at being levels not seen since the Second Industrial Revolution in the late 19th Century.

"The Gilded Age was followed by an age of the Progressive ERA, ages of reform, when you are in the United States, where median income has basically stagnated for about 45 years, I think people are going to push back and say, does it make a lot of sense for however valuable you might think a CEO is?" the Picking Presidents Author asks, later adding: "It would not be surprising for society to push on that and say, well, it is time for there to be a reform movement to get this under, to get this rebalanced in a way that's healthier for the rest of us."

Referring to Musk's own pay package at Tesla, Mukunda plainly states: "Presumably, if he asks for a bigger one, he's going to have to generate the same kind of returns that he did before. Given Tesla's current market cap, it's in almost half $1 trillion."

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This post was written by Luke Carberry Mogan.

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