Elon Musk’s record $1 trillion Tesla pay package faces shareholder vote
Tesla shareholders are set to vote Thursday on whether to approve a record-breaking $1 trillion pay package for CEO Elon Musk — a deal that could cement his control over the company but has drawn intense scrutiny from investors and governance experts. The package, tied to performance-based milestones in market capitalization, profit, and production, would be the largest compensation deal in corporate history. If approved, it could raise Musk’s ownership stake in Tesla from about 12 percent to over 25 percent. Tesla Chair Robin Denholm has led a public campaign in recent weeks to rally support for the plan, arguing that Musk’s leadership is vital to maintaining the company’s innovative edge. “Without Elon, Tesla could lose significant value, as our company may no longer be valued for what we aim to become — a transformative force in mobility, energy, and […]