Musk May Quit Tesla If He Doesn’t Win Pay Battle

The Verge reports:

Tesla board chair Robyn Denholm is calling on the company’s shareholders to approve Elon Musk’s massive $56 billion pay package or risk driving the billionaire CEO to greener pastures.

On June 13th, Tesla shareholders will decide the fate of Musk’s compensation package, which is estimated to be worth as much as $56 billion.

Denholm implying that Musk needs “motivation” in the form of the largest pay package ever approved for a CEO in order to stay at Tesla speaks to the fear many investors feel about his future at the company.

Read the full article.

Tesla CEO Elon Musk could leave if $56 billion pay package not approved, shareholders warned https://t.co/YzJfsBVKne

— The Verge (@verge) June 6, 2024