Tesla Chairwoman Robyn Denholm on Wednesday said Elon Musk could leave the company if shareholders vote against the CEO's $56 billion pay package.
Tesla and SpaceX Chief Executive Officer Elon Musk speaks at the SATELLITE Conference and Exhibition in Washington, Monday, March 9, 2020. Musk arrived in Indonesia’s resort island of Bali on Sunday, May 19, 2024, to launch Starlink satellite internet service …Tesla Chairwoman Robyn Denholm on Wednesday said Elon Musk could leave the company if shareholders vote against the CEO’s $56 billion pay package.
“These votes are about fairness, respect and the future of Tesla,” she wrote. “Elon is not a typical executive, and Tesla is not a typical company. So, the typical way in which companies compensate key executives is not going to drive results for Tesla. Motivating someone like Elon requires something different.
“Nor does he face any shortage of ideas and other places he can make an incredible difference in the world,” she said. “We want those ideas, that energy and that time to be at Tesla, for the benefit of you, our owners. But that requires reciprocal respect.”Ms. Denholm’s letter is the most significant show of support for Mr. Musk’s record pay package ahead of Thursday’s shareholder meeting. This week, shareholder Ron Baron, who owns 4.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Inconvenient Truth About Elon Musk’s New Love Affair With Trump2014 Elon Musk would have hated 2024 Elon Musk.
Read more »
Tesla CEO Elon Musk could leave if $56 billion pay package not approved, shareholders warnedTesla board chair Robyn Denholm is warning shareholders that Elon Musk may leave the company if they don’t vote to approve his massive $56 billion pay package.
Read more »
This Is The Most Direct Threat Yet That Elon Musk Could Quit TeslaTesla Chair Robyn Denholm wrote an assertive letter urging investors to approve Musk's fat paycheck and move the company's legal domicile to Texas.
Read more »
Elon Musk accused of improperly selling $7.5 billion in Tesla stock before weak sales reportElon Musk and the Tesla board are facing a shareholder suit over his sale of $7.5 billion worth of Tesla shares in late 2022, ahead of a January 2023 sales report that sent the price of the stock plunging.
Read more »
Elon Musk accused of improperly selling $7.5 billion in Tesla stock before weak sales reportElon Musk and the Tesla board are facing a shareholder suit over his sale of $7.5 billion worth of Tesla shares in late 2022, ahead of a January 2023 sales report that sent the price of the stock plunging.
Read more »
Tesla Shareholders MASSIVELY Split On Elon Musk Pay Package — What Happens After The Vote?Clean Tech News & Views: EVs, Solar Energy, Batteries
Read more »