Tesla is facing increasing pushback from investors regarding its bid to reinstate Elon Musk's $55 billion pay package.
Tesla is facing increasing pushback from investors regarding its bid to reinstate Elon Musk's $55 billion pay package.
"We do not believe that the compensation is commensurate with the performance of the company," Frost said. Musk does not receive a salary from Tesla and his pay package is centered on a series of goalposts around the carmaker's financial growth. The plan, which was valued at $55 billion by Bloomberg when it was struck down by a Delaware judge in January, involves a 10-year grant of 12 tranches of stock options that are vested when Tesla hits specific targets. When the company hits each milestone, Musk gets stock equal to 1% of outstanding shares at the time of the grant.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Tesla dangles chance at a factory tour with Elon Musk to get shareholder votes on $55 billion payTesla is offering 15 shareholders the opportunity to tour its Texas Gigafactory alongside Elon Musk — but there's one catch.
Baca lebih lajut »
Summit County to acquire largest open space in its history for $55 millionAfter receiving funding from the U.S. Forest Service, Summit County is set to act on its exclusive option to purchase the 910 Ranch, a property bigger than the entire city of Millcreek, and turn it into a wildlife sanctuary.
Baca lebih lajut »
UAE spends $55 million on Virginia property for future compoundThe United Arab Emirates government purchased 18 acres of land along the Potomac River in McLean, Virginia, for $55 million with plans of building a compound.
Baca lebih lajut »
Spring 2024 Arizona Restaurant Week: Try three-course meals for $33-$55 from May 17-26Ashley Loose is a Real-Time Editor at ABC15 Arizona.
Baca lebih lajut »
Nearly $55 Million to Clean Up Legacy Oil & Gas Pollution in North Dakota & West VirginiaBiden-Harris Administration Announces Nearly $55 Million from the Investing in America Agenda to Clean Up Legacy Pollution in N Dakota W VA
Baca lebih lajut »
Advisory firms urge Tesla shareholders to reject Elon Musk’s ‘excessive’ pay packageTwo influential advisory firms have urged shareholders to vote against Elon Musk’s contentious $51 billion pay package and raised concerns about the CEO’s numerous side projects.
Baca lebih lajut »