Reported about 19 hours ago
Tesla chair Robyn Denholm has urged shareholders to approve a historic $1 trillion pay package for CEO Elon Musk, warning that the company risks losing his leadership if the plan is rejected. The proposal includes substantial stock options tied to ambitious performance targets. Independent advisers have criticized the package as excessive and detrimental to shareholder interests, yet analysts expect it to be approved at the upcoming shareholder meeting on November 6, as Denholm emphasizes that Musk's unique vision is essential for Tesla's growth and long-term success.
Source: YAHOO