Tesla Shareholders Approve Musk's $1 Trillion Pay Package

Tesla Shareholders Approve Massive Elon Musk Pay Package: A New Era of Executive CompensationTeslas shareholders have given the green light to a colossal pay package for CEO Elon Musk, potentially worth one trillion dollars, contingent on meeting ambitious performance targets over the next decade. Despite seventy-five percent approval, significant opposition remained, with large shareholders and proxy advisory firms urging rejection due to concerns about over-reliance on one individual and the packages unusual size and structure. Teslas aggressive campaigning for approval suggests the company views this as crucial for its future growth. This vote sets a precedent for executive compensation, with Musk now facing the challenge of achieving monumental goals and potentially reshaping the market.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.