Reported 7 months ago
A Delaware court battle may leverage the strong support received by Tesla CEO Elon Musk's $56 billion pay package, as 77% of votes at an investor meeting backed the deal. The long process seeks to overcome a judge's invalidation of the 2018 agreement, with Vanguard - Tesla's largest shareholder after Musk - playing a crucial role in securing approval. The board aims to reaffirm the pay package's validity in court to address concerns about board independence and ensure shareholders' voices are heard.
Source: YAHOO