Tesla’s annual shareholder vote will be a referendum on Elon Musk’s tumultuous leadership, with investors asked to approved his massive $50 billion pay package again. What they decide may determine the future of the company.
On Thursday, Tesla shareholders will face a stark choice: approve Elon Musk’s enormous pay package, the largest ever awarded to a chief executive, or risk him picking up his ball and going home. The shareholder meeting on Thursday is a referendum on Musk’s tumultuous leadership, in which he took a relatively niche startup, wrested it away from its founders, and turned it into what is arguably one of the most consequential car companies in modern history.
Unsold Teslas are piling up in parking lots in numbers so large they can be viewed from space. 'The question of the CEO’s “attention” and “focus” is unique among Fortune 500 companies' Samantha Crispin, a partner at Texas-based law firm Baker Botts and chair of the corporate department, said these difficulties could sway certain investors, depending on when they bought into the Tesla story.
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