After Tesla 's annual shareholders meeting on Thursday, the company is expected to disclose results of the vote on CEO Elon Musk's pay plan.
After Tesla’s annual shareholders meeting on Thursday, the company is expected to disclose results of the vote on CEO Elon Musk’s pay plan.
The company announced the package, which could be worth nearly $1 trillion in stock, in September.
Between Musk’s extensive holdings and his loyal base of followers, the CEO is very likely to succeed.
Tesla is expected to announce on Thursday the results of a shareholder vote determining whether CEO Elon Musk should receive a pay package of nearly $1 trillion worth of stock over the next decade.
There’s little mystery to the outcome.
The electric vehicle company has suggested that shareholders approve the plan. Between Musk’s substantial ownership and a hefty base of retail investors who almost always vote with the CEO, the numbers are difficult for the opposition, even though top proxy advisors Glass Lewis and ISS recommended voting against the package.
Results of the vote are expected to be shared after Tesla’s annual meeting in Austin, Texas.
