On Thursday, Tesla shareholders will vote on whether to grant Elon Musk an enormous pay package, the largest ever awarded to a chief executive by orders of magnitude, or risk him leaving the company in a huff.
If this sounds weirdly familiar, it’s because the same thing unfolded nearly a year ago. At the 2024 meeting, Tesla shareholders were urged to vote in favor of a $50 billion payday for Musk, in order to keep him on the job as CEO. This time the money is much greater – estimated to be worth $1 trillion – and the stakes for Tesla are much higher.
The proposal, put forward by Tesla’s board in September, says that Musk must “completely …
Read the full story at The Verge.
Original Source: https://www.theverge.com/transportation/814907/tesla-shareholder-elon-musk-trillionaire-vote
Original Source: https://www.theverge.com/transportation/814907/tesla-shareholder-elon-musk-trillionaire-vote
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