Reported 4 months ago
Prominent investor Ron Baron has voiced his support for Tesla CEO Elon Musk's $56 billion pay package, which is set for a shareholder vote. Musk's substantial compensation, primarily in stock awards linked to Tesla's achievements, has faced controversy, with some shareholders deeming it excessive. Baron's backing emphasizes Musk's pivotal role in Tesla's success, while proxy advisory firms ISS and Glass Lewis advise against the package in its current form. The upcoming Tesla shareholders' meeting on June 13 will determine the fate of Musk's pay plan.
Source: YAHOO