Reported 7 months ago
Gerber Kawasaki Wealth & Investment Management CEO Ross Gerber, a Tesla investor, along with California Public Employees' Retirement System (CalPers), opposes CEO Elon Musk's $46 billion pay package, currently up for shareholder approval at Tesla's annual meeting. Gerber criticizes Tesla's board for negligence in negotiating Musk's compensation, believing the excessive package detracts from the EV manufacturer's goals. Shareholders aim to incentivize Musk to remain as CEO by approving the package, despite over 400,000 respondents on Yahoo Finance voting against it. The article includes a transcript where Gerber voices concerns over Musk's management and board governance issues.
Source: YAHOO