Billionaire investor Ron Baron, longtime Tesla bull and shareholder, wrote an open letter in support of CEO Elon Musk's controversial $56 billion pay package.
bull and shareholder, wrote an open letter in support of CEO Elon Musk's controversial $56 billion pay package.
"Elon is the ultimate 'key man' of key man risk," Baron said in the letter. "Without his relentless drive and uncompromising standards, there would be no Tesla. Especially considering how he slept on the floor of Tesla's Fremont factory when the company was going through what he called 'production hell!'"
If passed, it would be the largest pay package for a CEO in corporate America. Tesla's shareholder meeting is scheduled for June 13.
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