Tesla again seeks shareholder approval for Musk's 2018 pay voided by judge [USA TODAY]
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Source: USA TODAY
The re-vote comes ahead of next week's quarterly earnings for Tesla, which is grappling with weak demand as well as a reputational hit to Musk from his political leanings and approval of an antisemitic conspiracy theory last year. "Elon has not been paid for any of his work for Tesla for the past six years...," Board Chairperson Robyn Denholm wrote in a letter included in the regulatory filing . "That strikes us – and the many stockholders from whom we already have heard – as fundamentally unfair." Tesla's board, which includes Musk's brother Kimbal Musk, has repeatedly come under fire for its close ties with the billionaire. In seeking a re-vote, Tesla is using a section of Delaware law that allows companies to ratify actions that are technically defective such as selling stock before the board approves an increase in shares, but not always controversial. The board's special committee, which was formed to insulate the process of setting the pay from allegations of Musk's inf
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