Tesla shareholders will vote soon on whether to ratify the Musk's compensation plan
As Tesla ’s annual shareholders meeting approaches, the company is ramping up its pushback against groups asking investors to vote against Elon Musk ’s $46 billion compensation package. The California Public Employees’ Retirement System, known as CalPERS, was the latest major investor to signal a vote against Musk’s payday, which is one of 12 items shareholders can vote on next month. CalPERS is one of the 30 top investors in Tesla and owns 9.5 million shares.
Leo Koguan, who owns 27 million shares and is Tesla’s biggest retail investor, has told the website Elecktrek that he will vote against the pay package and the reelection of two board directors. Proxy advisory firm Glass Lewis on Sunday urged shareholders to vote against the package, citing its “excessive size.” But Tesla — and Musk — aren’t staying quiet.
Tesla Calpers Glass Lewis Leo Koguan Brad Lander Business Finance California Public Employees Retirement System Solar Energy In California Robyn Denholm Marie Frost Tesla Inc. Gizmodo
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla won't fight to approve Elon Musk's record pay packageTesla has confirmed to the Delaware judge who voided Elon Musk's record $56 billion pay package that it won't try to overturn her ruling.
Read more »
Elon Musk Begs Tesla Shareholders to Vote for His $56 Billion Pay PackageScience and Technology News and Videos
Read more »
Elon Musk urges Tesla shareholders to vote on pay with special offerTesla CEO Elon Musk is offering shareholders a chance to win a personal tour of the Austin Gigafactory if they vote on the company's ballot that includes his compensation plan.
Read more »
China firm plans 10,000-satellite swarm to fight Elon Musk’s space powerThe firm filed plans for the satellite network with the International Telecommunication Union on May 24 to deploy this constellation across 160 orbital planes.
Read more »
Tesla shareholders urged to reject Elon Musk's $56 billion pay packageProminent proxy advisory firm Glass Lewis aired concerns about the 'excessive size' of Musk's pay deal.
Read more »
Tesla shareholders urged to nix Elon Musk's $56B pay packageTesla shareholders are being urged by a proxy advisory firm to oppose the reinstatement of CEO Elon Musk's $56 billion pay package after it was voided by a judge earlier this year.
Read more »