Joe.My.God. LGBT News
NBC News reports:
It may be the highest-stakes popularity contest in history. Friends and foes of tech billionaire Elon Musk are in the middle of a two-month battle over whether to reinstate a record $56 billion pay package for the Tesla CEO, months after a Delaware state judge struck down his compensation as improperly awarded.
The fight is in the form of a shareholder vote: Nearly all owners of Tesla stock, including Wall Street firms and thousands of individual investors, are casting ballots for or against the pay package, voting mostly online ahead of the automaker’s June 13 annual meeting in Austin, Texas.
The vote is unusual not only because of the fortune that Musk stands to gain — it’s 250 times larger than the median among Musk’s peers, according to the judge who voided it in January — but also because of the public and private jockeying on both sides of the pay vote.
Read the full article. Musk has bought advertising and launched a website asking for shareholders to vote for his pay package. The site’s main image is the widely-mocked Cybertruck.
Tesla investors advised to vote against Musk’s $56bn pay and Texas move https://t.co/jTgnensyhI
— Financial Times (@FT) May 25, 2024