US EditionTesla risks losing CEO Musk if $1 trillion pay package isn't approved, board chair says
Tesla's board says Musk's $1 trillion pay plan aligns with ambitious growth goals but faces opposition from proxy advisors and activist shareholders ahead of the Nov 6 vote.
- Elon Musk could leave Tesla if his $1 trillion pay package is not approved, according to Board Chair Robyn Denholm in a letter to shareholders.
- Denholm described Musk's leadership as critical for Tesla's success and warned of potential losses without proper incentives.
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Elon Musk Could Walk Out of Tesla and Not Come Back
Tesla Inc. (NASDAQ: TSLA) Chair Robyn Denholm wrote a letter attached to a document filed with the U.S. Securities and Exchange Commission. In it, she makes clear that without a new $1 trillion incentive package, Elon Musk might leave Tesla. She adds that he does not get the reward unless he clears very high hurdles. The proposal from the board would lock Musk in for over seven years. But he would need to grow the company to a market cap of $7.5…
Tesla mastermind Elon Musk could leave the e-car pioneer if shareholders block his salary package of one trillion dollars. The vote on it falls at the Annual General Meeting.
US billionaire Elon Musk could leave his post as CEO of Tesla if his proposed $1 trillion pay package is not approved by shareholders.
Tesla board chair says company risks losing Elon Musk if $1 trillion pay package isn't approved: 'Without Elon … our company may no longer be valued'
As Tesla stakeholders vote regarding Elon Musk's new compensation package, valued at nearly $1 trillion, Board Chair Robyn Denholm urges them that if they vote no, he may leave the company behind. What's happening? A new compensation package was proposed this month for Tesla's CEO and product architect, in which, given multiple goals are met, he would receive company stock options worth about $1 trillion. CNBC reported on Denholm's letter, wher…
Elon Musk could step down as Tesla CEO if his proposed $1 trillion pay package is not approved, Chairman Robyn Denholm warned in a letter to shareholders on Monday. The appeal comes ahead of the company's annual meeting on Nov. 6, with Tesla's board facing repeated criticism for failing to act in the best interests of shareholders and governance experts and advocacy groups questioning Musk's independence and influence oversight. The proposed per…
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