Tesla’s (TSLA) shareholders have voted in favor of the whopping $56 billion pay package for CEO Elon Musk. In addition to this groundbreaking compensation plan, shareholders have also greenlit Tesla’s redomestication from Delaware to Texas, a strategic relocation that Musk had previously sought after his pay was initially denied by a Delaware judge. Yahoo Finance […]
Tag: 56B
Elon Musk drama intensifies as Tesla shareholders vote on his $56B pay package: Here’s what’s at stake
Today Tesla shareholders will finally answer a $56 billion question hanging over the company: Can CEO Elon Musk keep his record-breaking pay? While Musk posted late Wednesday night that the votes were trending for passage of his pay package, official word won’t come down until later today — though Tesla shares are jumping in the […]
Tesla shareholders will vote on Elon Musk’s controversial $56B pay package this week: Here’s what’s at stake
Generally speaking, most shareholder meetings are rather staid affairs with little drama. Even Berkshire Hathaway’s (BRK-B, BRK-A) “Woodstock for Capitalists” is losing some of its allure. For EV maker Tesla (TSLA), however, boardroom drama will be on full display. On Thursday afternoon from its Giga Austin plant, Tesla will announce the results from shareholder votes […]
Tesla shareholders to vote on $56B Musk pay package
Tesla (TSLA) shareholders are gearing up for a pivotal vote on CEO Elon Musk’s unprecedented $56 billion pay package. This highly anticipated decision will be revealed during the company’s shareholder meeting on Thursday, June 13. Yahoo Finance’s Pras Subramanian breaks down the details, discussing the Telsa independent chair’s support for the approval of this substantial […]
Major Tesla shareholder backs Elon Musk’s $56B pay package
Count billionaire investor Ron Baron in to support Tesla (TSLA) CEO Elon Musk’s controversial pay package next week when it comes up for vote at the EV maker’s shareholder meeting. Baron, chairman and CEO of Baron Capital, whose funds own Tesla stock, wrote in an open letter that Musk’s $56 billion pay package should be […]
Tesla asks shareholders to restore $56B Elon Musk pay package that was voided by Delaware judge
DETROIT (AP) — Tesla is asking shareholders to restore a $56 billion pay package for CEO Elon Musk that was rejected by a Delaware judge this year, and to shift the company’s corporate home to Texas. The changes, to be voted on by stockholders at a June 13 annual meeting, could be a tougher sell […]