Tesla shareholders to vote on Elon Musk's pay package – KTBB News, Weather, Talk
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Future of Elon Musk and Tesla are on the line this week as shareholders vote on massive pay package
If Tesla shareholders vote against restoring Elon Musk’s $44.9 billion pay package Thursday, the CEO could deliver on threats to take artificial intelligence research to one of his other companies.
Source: santamariatimes.com
Columbia Law Professor With Small Tesla Stake 'Inclined To Vote Against' Elon Musk's Pay Plan As EV Giant Is 'Sort Of Melting Ice Cube' - Tesla (NASDAQ:TSLA)
He said margins were thinning, competition from China was heating up and a major political candidate was stating that EVs are not in the future policy.
Source: benzinga.com
Exxon stockholders side with oil giant in feud with Calpers and activist investors
Most Exxon stockholders voted to retain CEO Darren Woods and 12 other current directors on the oil giant’s board, rejecting a revolt organized by the nation's biggest public pension fund.
Source: yahoo.com
Analysis-Tesla tries legal 'Band-Aid' to revive Musk's huge pay deal
Tesla and Elon Musk are seizing upon an obscure provision in corporate law to attempt to restore Musk's $56 billion pay package, in an untested move that could again mire the company in litigation, legal experts said. The electric vehicle maker on Wednesday proposed putting Musk's 2018 pay deal to a shareholder vote, even though a Delaware judge voided it in January. Tesla is using a little-known section of Delaware's corporate law that lets companies fix procedural defects that would otherwise nullify their boardroom decisions.
Source: yahoo.com