Tesla Shareholders Urged to Reject Musk's $56 Billion Pay Package

Tesla Inc. shareholders are being urged by proxy adviser Institutional Shareholder Services to reject Chief Executive Officer Elon Musk’s $56 billion compensation plan, setting up another hurdle for the electric carmaker’s board. ISS says the pay package is outsized. Bloomberg's Max Chafkin reports on "Bloomberg Technology."
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[mikerash-pcjc]

Tesla shareholders should exit stage right. The next 4 years will see Tesla price fall to 5.00 a share. But if you wish to lose your money don’t sell. But mark this post.

[lrcreamer]

I love ELON but I am sorry no human is worth the king of money they are talking. I think he should be highly compensated and
The other TEAM members should receive a bigger cut of this total compensation package…me and my wife VOTED NO

[kish]

These “advisory firms” and anti-Tesla trolls don’t represent shareholders. This vote is going to pass overwhelmingly

[MilosevicOgnjan]

Hey, how would you like to NOT get your sallary once you've completed everything that was asked of you on your job? We can argue after you've completed your job that your sallary is too big and decide not to compensate you at all. What people do not understand about the compensation package is that it is not 56 bilion dollars of money paid to Elon. Tesla is not paying a dime actually. The compensation package is an option for Elon to buy 304 million shares at 2018 prices (23.34$) when the deal was approved by shareholders. That would dilute the shareholders to some extent, but also bring about 7 billion dollars to Teslas bottom line. The compensation package also prohibits Elon to sell those shares for at least 5 years, which would incetivize him to work harder and make those share worth more in the next 5 years. Why don't you talk about it that way instead of talking about 56 billion dollars which actually do not exist?

[billual]

I don't have a whole lot of shares of Tesla but everyone I have I will be voting for Elon Musk.
And I'm not talking just about Tesla he's done more for the country and more for the world and probably every other human being in history.
Big fan of elon'

[lyndakorner]

Bloomberg should be embarrassed by how unprofessional and unobjective its anchors and contributors are.

Real journalists refer to the subject of a story by his or her full name or her or his last name.

[lugano]

This level of greed is positively obscene.

[moro]

Thank you for the review, the first $50 has already been withdrawn in less than 24 hours.

[sahilgodaviya.sahilgodaviya]

If you're looking for a solid x100, Revux should be on your radar.

[jeremydurie-nuwr]

Author, I need your advice. I ve put practically all of my assets to blocktopia, with the expectation that its value would skyrocket in the coming years. Do you think they should be converted to cake to make passive income?

[PG-eqgh]

Ridiculous to characterize Elon's position in this report as a "moral point" when in fact it's illegal point that's already been agreed upon. Pay the Elon.

[bgs]

Just shifted my focus to presales, especially Revux. Early investment is key!

[infochannel]

I typed into CHATgpt "What is the legal argument to change musk's compensation package?"

One of the answers was "Fiduciary Duty: Board members have a fiduciary duty to act in the best interests of the shareholders."
But doesn't "Fiduciary Duty" come into play by maintaining the company's word and bond with contracts written? If the company abandons past agreements this would reflect poorly on potential contracts necessary for going forward and thus hurt the fiduciary interest of the company.
Example: Tesla wants to create a company in "x" city (no pun intended) but the city manager advises the council members to decline based on the past track record of the company, Tesla, not living up to contractual obligations.
The fiduciary interest of a company has more to do than with a temporary money grab, which Musk's compensation package doesn't even afford the board to do. As I understand it even the dilution of stock was taken into account when this was voted on in 2018.
I haven't heard a single argument to defend declining his compensation package. Are there any atty's out there who can shed some light on this insane lawsuit?

[_unruly]

They agreed on a contract thinking he wouldn’t hit his mark but he did. Pay him

[bibizanon]

Hello sir, . am a newbie pls how can you teach me your strategy so that I can be making some money from future staking

[sjraj]

Dropped all my small caps – focusing on BTC, Revux, and maybe some ETH.

[VeerpalKaur-uwwq]

Revux's use case is exactly what the crypto world needs.

[jimmyt]

Make is 60 billion, man works hard he deserves it, I’m gonna sell my shares of Tesla anyway and buy yield max funds no more speculating I want to be paid by Tuesday 😂

[sanavimali]

Shopify partnership puts Revux on the map. Big boom incoming!

[NotARetardedYearOld]

What about the shock waves. Elon makes successful companies. Seems like people prioritize greed over innovation.