Musk’s giant payment package has been approved, the process is not over
Although Tesla shareholders approved Musk’s huge pay package and congratulated him on X The process is still not over. Musk will still face a lengthy legal battle to convince a Delaware judge, potentially dealing with new lawsuits over the final vote. However, it was important to get the support of Tesla investors.
Although Musk announced that the vote was approved, the official results will be announced later today, but there will be no surprises. Shareholders are allowed to change their votes until the start of the annual meeting. However, Tesla shareholders also moving the company’s legal headquarters from Delaware to Texas with Kimbal Musk ve James Murdoch‘of be re-elected as a board member also voted. Governor of Texas after Musk’s post Greg Abbott, “Welcome to a state with neither a personal nor a corporate income tax.” made the statement.
Tesla’s board of directors announced that Elon Musk deserved a huge payment package, unprecedented in this history. The board said Musk had achieved all ambitious targets for market capitalization, revenue and profitability agreed in 2018. Musk, on the other hand, made an open threat in his statements in recent months, saying that if this payment package is not approved, he will turn his focus to robotics and artificial intelligence, that is, things other than Tesla.
Source
https://wccftech.com/elon-musks-56-billion-pay-package-proposal-is-passing-with-big-margins/
https://www.reuters.com/business/autos-transportation/musk-says-both-tesla-shareholder-resolutions-passing-by-wide-margins-2024-06-13/
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