With the fate of Elon Musk’s commitment to Tesla hanging in the balance, the upcoming shareholder vote on reauthorizing Musk’s voided compensation package is being billed as a “make or break event” for the world’s premier manufacturer of electric vehicles. Yet, despite the hype, the shareholders’ vote on this issue possesses only symbolic value for now. For the benefit of those who might not be aware, the Delaware Court of Chancery voided Elon Musk’s 2018 pay package a few weeks back for being a product of sham negotiations between a beholden board and an increasingly powerful and assertive CEO. Tesla […]
Read full article at https://wccftech.com/elon-musk-likely-wont-be-able-to-get-his-hands-on-the-56-billion-pay-package-anytime-soon-even-if-approved-by-the-shareholders/
