Musks

Tesla Shareholders to Vote on Elon Musk’s $56 Billion Pay Package amid Options Volatility and Investor Concerns

California, USA – Shareholders of Tesla are anxiously awaiting the outcome of the vote on CEO Elon Musk’s controversial pay package for 2018. The annual meeting on Thursday will determine whether investors support the massive compensation plan which includes 300 million stock options valued at around $50 billion. Previously, the package was voided by a Delaware judge for inadequate disclosures, although it had initially garnered over 70% of shareholders’ support in 2018. Now, Tesla’s board …

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Musk’s $56 Billion Tesla Pay Package Faces Opposition from California Pension Fund

Sacramento, California – The California State Teachers Retirement System is taking a stand against Tesla CEO Elon Musk’s $56 billion pay package. The pension fund’s chief investment officer criticized the extravagant compensation package as unfair, noting that Musk would be paid 140 times more than the average worker. The decision by CalSTRS comes in the wake of Norway’s $1.7 trillion sovereign wealth fund also planning to oppose Musk’s pay package. The vote on Musk’s compensation …

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Tesla Shareholders Advised to Vote Against Elon Musk’s Massive Stock Package and Board Reelections Ahead of Critical Meeting on Corporate Governance

New York City, USA – A large pension fund has sent a letter to Tesla shareholders advising them to vote against the reelection of Kimbal Musk, James Murdoch, and Elon Musk’s massive stock package before the upcoming Tesla shareholder meeting on June 13. The meeting will address critical decisions for the company, including the reelection of the board of directors, changing the company’s incorporation to Texas, and reinstating Elon Musk’s voided $55 billion pay package …

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