Elon Musk’s new $29B Tesla stock award gets strange synopsis from governance firm

Elon Musk’s new $29B Tesla stock award gets strange synopsis from governance firm

Elon Musk was recently awarded around $29 billion in Tesla stock as the company’s Board of Directors is attempting to get its CEO paid after his original pay package was denied twice by the Delaware Chancery Court. But a new and strange synopsis from the Corporate Governance Institute (CGI) says the award is potentially a strength move to “endorse the will of a powerful CEO.” The problem is, in the same sentence, the firm said the new award brin…