Tesla shareholder group slams Elon Musk’s $84b pay package
Dana Hull
A coalition of Tesla shareholders is urging other investors to reject a $US56 billion ($84 billion) pay package for chief executive officer Elon Musk at the company’s June 13 annual meeting, posing a threat to one of the world’s largest fortunes.
Amalgamated Bank, SOC Investment Group and six other signatories that hold a small portion of Tesla stock said Musk is distracted by his commitments to the five other companies he controls and isn’t serving the electric-vehicle maker’s best interests.
Bloomberg
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