Reported 4 months ago
Billionaire Ron Baron, a major Tesla shareholder and CEO of Baron Capital, publicly endorsed Elon Musk's $56 billion pay package, urging Tesla shareholders to approve it as Musk has 'earned his pay' based on the company's success under his leadership. Baron emphasized Musk's crucial role, acknowledging the significant growth of Tesla's market cap from $53.5 billion to $550.75 billion due to Musk's contributions. The decision on Musk's controversial pay package, up for vote at Tesla's upcoming shareholder meeting on June 13, will be crucial for the company's future.
Source: YAHOO