Tesla and Elon Musk's Compensation Package Dispute
Tesla and CEO Elon Musk are facing opposition from institutional investors regarding Musk's disputed $58 billion compensation package from 2018. The compensation deal has been deemed excessive and unfair to Tesla investors by a Delaware court. Musk and Tesla are pushing back against the criticism, with Musk calling out investors who are against the package on social media.
Key Points
- Delaware court voided Musk's 2018 pay package, deeming it excessive and unfair to Tesla investors.
- Musk and Tesla are pushing back against institutional investors' opposition.
- Tesla board plans to gather support from shareholders ahead of the annual meeting on June 13.
Pros
- Musk's leadership has resulted in more than $735 billion in market value for Tesla shareholders in less than six years.
Cons
- Tesla's compensation package for Musk has been deemed excessive and unfair by a Delaware court.
- Institutional investors are expressing opposition to Musk's compensation package.