Connect with us

Hi, what are you looking for?

Tech News

Tesla CEO Elon Musk could leave if $56 billion pay package not approved, shareholders warned

Photo collage of Elon Musk.
Illustration by Cath Virginia / The Verge | Photo by Grzegorz Wajda, Getty Images

Tesla board chair Robyn Denholm is calling on the company’s shareholders to approve Elon Musk’s massive $56 billion pay package or risk driving the billionaire CEO to greener pastures.

On June 13th, Tesla shareholders will decide the fate of Musk’s compensation package, which is estimated to be worth as much as $56 billion. It will be the second time that shareholders will vote on the CEO’s pay, after a Delaware judge voided the first one earlier this year on the grounds that the approval process was “deeply flawed.” And now the company is engaged in a full-court press to convince shareholders to approve the proposal a second time.

“Elon is not a typical executive, and Tesla is not a typical company,” Denholm writes in a letter to…

Continue reading…

You May Also Like

World News

What makes a libertarian society libertarian? Certainly, one must begin—as did Murray Rothbard—not only with the nonaggression principle, but also with the unequivocal protection...

Editor's Pick

On this week’s edition of Stock Talk with Joe Rabil, Joe shows a specific MACD pattern that, when it develops on the monthly chart,...

World News

Government intervention is everywhere, but it is most evident in education.

World News

The US government’s recent arms sale to Israel is a reminder that arms sales have become a significant part of US foreign policy, as...