Tesla shareholders advised to reject Musk's $56 billion pay

Saturday, May 25th 2024, 11:18:18 pm
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The report cited reasons like the "excessive size" of the pay deal, the dilutive effect upon exercise and the concentration of ownership. It also mentioned Musk's "slate of extraordinarily time-consuming projects" which have expanded with his high-profile purchase of Twitter, now known as X. The pay package was proposed by Tesla's board of directors, which has repeatedly come under fire for its close ties with the billionaire.
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