Tesla shareholders vote to reinstate Elon Musk’s $56 billion pay package
- Tesla shareholders backed Elon Musk's $56bn pay package, despite pushback from some big investors and proxy firms.
- Some legal experts anticipate a prolonged lawsuit in a Delaware court regarding the pay package.
- The pay package initially gained approval from shareholders in 2018.
120 Articles
120 Articles
The payment package, approved in 2018, provides Musk with Tesla shares that he can later convert into cash.
Elon Musk wins back his $44.9 billion Tesla pay package in shareholder vote
DETROIT (AP) — Tesla shareholders voted Thursday to restore CEO Elon Musk’s record $44.9 billion pay package that was thrown out by a Delaware judge earlier this year, sending a strong vote of confidence in his leadership of the electric vehicle maker.
Tesla’s Musk wins shareholder approval for $56 billion pay package, touts his ability to ‘deliver’ - West Hawaii Today
(Reuters) — Tesla shareholders approved CEO Elon Musk’s $56 billion pay package, the electric vehicle-maker said on Thursday, a big thumbs-up to his leadership and an incentive to keep his focus on his biggest source of wealth.
Tesla Shareholders Endorse $45 Billion Stock Package for Elon Musk
In a significant show of confidence, Tesla shareholders have reaffirmed a $45 billion pay award for Elon Musk, the company's CEO. This decision comes after a legal challenge initially nullified the award. The vote, revealed during Tesla’s annual meeting in Austin, Texas, demonstrates shareholders' belief in Musk’s leadership and may influence the judge who previously voided the award to reconsider her decision. The shareholder approval brings re…
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