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Stock impact report

T. Rowe Price says 2018 Tesla pay aligned with investor interests [Yahoo! Finance]

T. Rowe Price Group, Inc. (TROW) 
Last t. rowe price group, inc. earnings: 4/28 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: trow.client.shareholder.com
Company Research Source: Yahoo! Finance
The comments from the 10th-largest Tesla investor mark important support after a Delaware judge in January voided the $56 billion package as being unfair to investors because it was negotiated by directors who appeared beholden to Musk. In response Tesla said in a preliminary proxy statement on Wednesday that it will hold an unusual special vote at its June 13 annual shareholder meeting to re-approve its chief executive's 2018 pay package. In an email exchange through Thursday a T. Rowe Price representative said it was "premature" to say exactly how the company's funds would vote at the meeting on particular proxy items. But the representative also sent a company statement that "With respect to executive compensation, we believe the 2018 plan demonstrated strong alignment with the interests of long-term investors, and it was followed by an impressive, validating period of value creation.” T. Rowe of Baltimore held 22.4 million Tesla shares as of Dec 31. In its proxy stateme Show less Read more
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