"The massive pay package was crafted to ensure Musk's continued service to Tesla. It is tied to a series of ambitious targets."
"Tesla shareholders on Thursday overwhelmingly approved a pay package for CEO Elon Musk that could reach $1 trillion (870 billion). The pay package received more than 75% shareholder support, a Tesla official said at the company's annual meeting."
"Analysts have said that the vote is a positive for Tesla's stock."
Tesla shareholders overwhelmingly approved a compensation package for CEO Elon Musk that could reach $1 trillion (870 billion). The package was structured to ensure Musk's continued service and is linked to a series of ambitious performance targets. More than 75% of shareholders supported the package, according to a company official at the annual meeting. Analysts said the shareholder vote is positive for Tesla's stock. The vote reflects investor willingness to back aggressive, milestone-driven pay tied to long-term company performance. The company indicated additional details would follow after the meeting.
Read at www.dw.com
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