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coinmasterfreespin2021| Tesla is heartbroken for Musk: it is seeking retail investors to support $56 billion in pay

2024-05-15 20:38:29

Tesla is looking to attract its unusually large sizecoinmasterfreespin2021to ensure that CEO Elon Musk's $56 billion (approximately RMB 404.5 billion) salary plan can be approved by shareholders.

coinmasterfreespin2021| Tesla is heartbroken for Musk: it is seeking retail investors to support  billion in pay

People familiar with the matter said thatcoinmasterfreespin2021To help lead the effort, Tesla's board of directors has hired a strategic consultant. To support this activity, the consultant is working with an external law firm.

The consultant also established a dedicated Vote Tesla website to encourage retail investors to vote. It is estimated that retail investors own about 42% of Tesla. Tesla urged shareholders to vote online via QR codes, phone calls and emails. In addition, the website also uploaded a video of Tesla Board Chairman Robyn Denholm. Denholm said supporting Musk's salary is crucial to Tesla's growth.

Tesla's annual shareholder meeting will be held on June 13, when investors will vote to decide whether to maintain Musk's 2018 salary plan. According to the equity incentive plan approved by Tesla's board of directors at the time, Musk can currently receive compensation of up to US$56 billion.

Three months ago, a Delaware judge ruled out the plan, arguing that Tesla directors had not considered the best interests of investors. Last month, Tesla asked shareholders to revote on the compensation plan at its annual shareholder meeting because the company had addressed some of the judges 'concerns.

The vote could have a significant impact on Musk's future leadership of Tesla. Musk has threatened to develop products outside of Tesla if he fails to obtain at least a 25% stake in Tesla, a key part of the voided compensation package.

If the compensation package is approved, Musk will have enough options to almost double his current stake in Tesla to about 21%. If shareholders do not vote in favor, Musk's path to a larger stake becomes blurred.

On social platform X, Tesla fans have been expressing support for Musk. But at least one large retail investor Leo KoGuan said he would not support the pay deal. He also publicly criticized Musk for managing Tesla, saying it upset the entire market.