Tesla's Musk Compensation Vote: A Referendum on Governance
Update: 2025-11-05
Description
Tesla shareholders are poised to vote on a controversial compensation package for CEO Elon Musk, which could potentially pay him up to $878 billion in company stock. The proposal has sparked debate, with some investors seeing it as a risk worth taking for potential stock growth, while others argue it represents an enormous risk to investors and flouts sound governance principles. Major shareholders and executive pay experts have publicly opposed the package, citing concerns about diluting shareholder value and consolidating unchecked power in Musk's hands. The situation has led some experts to describe the board as being held over the barrel by a superstar CEO.
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