- Tesla on Monday defended a proposal to ratify CEO Elon Musk's $56 billion pay package and said a new compensation would be costlier, days after a top proxy advisory firm recommended shareholders to vote against the proposal.
This was in response to Institutional Shareholder Services last week calling the pay "excessive", while raising concern over Tesla offering its shareholders an "all or nothing" option ahead of a vote at their annual meeting on June 13.But a Delaware judge voided it in January, and Tesla has since then sought to move its state of incorporation to Texas.
Under Delaware law, ratification means that the proposal is either accepted or rejected in its entirety, Tesla said, adding that a new pay package would be costlier to the shareholders. "A deal should be a deal. He delivered on his end of the bargain. It's time for us to deliver on ours."Most retirees live on a fixed income, so they look for ways to cut down on expenses and save money. This isn't always easy to do, especially if you already feel like you're living with the least...Keith Gill, writing on Reddit, posted a screen shot that shows he has a $181.4 million position in the meme favorite.