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Pay Proposal

All articles tagged with #pay proposal

business2 months ago

Tesla Prepares for Leadership Changes Amid $1 Trillion Pay Controversy

Tesla is preparing internal successors for Elon Musk if shareholders reject his $1 trillion pay package, with Musk hinting at a possible exit or shift to other ventures like SpaceX or xAI. The company is campaigning for support ahead of the November 6 shareholder meeting, where the pay plan and investment in Musk's AI firm xAI will be voted on. If the proposal fails, Tesla has a 'Plan B' with internal leadership options, including a potential co-leadership model.

business3 months ago

Tesla's $1 Trillion Pay Plan for Musk Faces Investor and Stakeholder Opposition

Tesla investors and state officials are urging shareholders to vote against Elon Musk's proposed $1 trillion compensation package, citing concerns over board ties to Musk, company performance, and Musk's divided attention due to multiple roles. The proposal aims to reward Musk if Tesla's market cap reaches $8.5 trillion in ten years, but critics argue it prioritizes Musk over shareholder interests.