Dr Rck
05-21

Is the pay package conditional, meaning if TSLA continues to hit a certain stock value by a certain period of time? If so, then it's warranted because it is performance driven but to just hand out this huge amount will land the company into disaster. Already, it's burning cash due to poor outlook and auto sales, plus other new developments and the compensation for EM will definitely be unsightly both from the viewpoint of investors and operational sustenance! 

Tesla Shareholder Group Calls for Vote Against Musk Pay Package

A group of Tesla shareholders which includes New York City Comptroller Brad Lander is calling for investors to vote against Elon Musk's $46 billion pay package.The group of shareholders wrote to other Tesla holders arguing that the electric-vehicle maker had governance issues. They said that the company's board was too close to Musk and had failed to properly evaluate the pay package.The letter calls for shareholders to reject the reelection of two directors, Kimbal Musk and James Murdoch, arguing that they have particularly close personal ties to Musk.Shareholders are set to vote on Musk's pay package and other proposals, including moving its incorporation to Texas, on June 13. Tesla's massive compensation package for Musk was originally proposed and approved in 2018, but was struck down by a Delaware court in January.Tesla has since re-proposed the pay package, which is currently valued at around $46 billion, in its proxy filing and has looked to convince shareholders to support the
Tesla Shareholder Group Calls for Vote Against Musk Pay Package

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（1）

  • Top
  • Latest
  • Dr Rck
    ·05-22
    TSLA stock price need to rise now in order to support EM pay package so brace for an uptick!
    Reply
    Report