Reported about 6 hours ago
Tesla's board is pushing shareholders to vote on a compensation package for Elon Musk that could reach up to $878 billion in company stock, presenting a significant risk to investors if Musk decides to leave. While the board believes Musk is crucial for the company's ambitious future in artificial intelligence and self-driving technology, some shareholders are concerned this proposal undermines corporate governance principles and concentrates too much power in one individual. The outcome of the vote could redefine how corporate governance applies to the world’s richest man amidst fears that Musk's departure might drastically lower Tesla's stock value.
Source: YAHOO