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Musk cheers 'wide margin' of support for record $56bn Tesla pay package
TeslaTesla(US:TSLA) Sky News·2024-06-13 08:10

Elon Musk has claimed a "wide margin" of support among Tesla shareholders for a $56bn pay package due to him but which was blocked by a court.A new shareholder vote was ordered after a judge in Delaware ruled in January that the 2018 awards had effectively been controlled by the billionaire, as the board had close personal and financial ties to Tesla's founder and chief executive. The $56bn (£43.4bn) figure - the highest award ever seen in corporate America - does not consist of salary or bonus pots.Money l ...