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Tesla shareholders gave the green light to CEO Elon Musk's $56 billion compensation plan despite opposition from some large investors. The approval reflects strong support for Musk's leadership, though concerns persist about his focus and Tesla's future direction. The company also moved its legal home to Texas and re-elected key board members.
An $A84 billion pay package for Tesla chief Elon Musk has been approved by shareholders, though he could...
An $A84 billion pay package for Tesla chief Elon Musk has been approved by shareholders, though he could...
The mercurial billionaire may face fresh lawsuits on the package, which would be the largest in US corporate history.
An investment firm webinar discussed the idea that Musk's "extravagant" pay package proposal was "jeopardizing long term value" at Tesla.