Tesla asks shareholders to reapprove huge Musk pay deal
NEW YORK: Electric vehicle maker Tesla will ask its shareholders to vote again on a $56 billion compensation package they had approved in 2018 for CEO Elon Musk before it was squashed by a US court earlier this year. In a filing with federal regulators on Wednesday, Tesla Chair Robyn Denholm said the board of […]
T Kauer 
NEW YORK: Electric vehicle maker Tesla will ask its shareholders to vote again on a $56 billion compensation package they had approved in 2018 for CEO Elon Musk before it was squashed by a US court earlier this year.
In a filing with federal regulators on Wednesday, Tesla Chair Robyn Denholm said the board of directors stood by the original package and argued that the company’s “entrepreneurial spirit” had always been one of “big risks for the chance of big rewards.”
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