Tesla is asking shareholders to again approve a pay package for CEO Elon Musk worth tens of billions of dollars — the same agreement that was“We are coming to you now so you can help fix this issue — which is a matter of fundamental fairness and respect to our CEO,” Robyn Denholm, chair of Tesla’s board, wrote in aTesla argued that giving Musk such a massive compensation deal is justified because he has led the company during a period of “transformative and unprecedented growth.
“On the package which was already approved by shareholders at the time in 2018, this has been an area of contention among some investors but we would expect the 2018 package will be reapproved and the Delaware court ruling would be moot in essence as Tesla will now be moving to Texas,” Ives wrote Wednesday in a note to investors.
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