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.
74 Articles
74 Articles
US billionaire Elon Musk could leave his post as CEO of Tesla if his proposed $1 trillion pay package is not approved by shareholders.
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…
Sydney Morning Herald
Elon Musk might leave Tesla if $US1 trillion pay deal rejected, warns Australian powerbroker
Tesla chair Robyn Denholm has sent an open letter to the company’s shareholders, urging them to give Elon Musk’s controversial pay deal the green light.
Elon Musk wants to increase his influence at Tesla. It is still uncertain whether the shareholders agree with the necessary gigantic stock package. The Board of Directors warns against the departure of the company's CEO, should the plan burst.
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