Tesla Creates Website To Convince Shareholders To Make Elon Musk $55 Billion Richer [Yahoo! Finance]
Tesla, Inc. (TSLA)
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Source: Yahoo! Finance
person on the planet . Apparently that wealth isn't enough for him or Tesla. Now, the company actually created a website to convince shareholders that their part-time CEO deserves a $55 billion compensation package. This all started six years ago , when Tesla shareholders approved a $55 billion compensation plan for Musk contingent on the company hitting certain targets — which it did, as Tesla became the number one EV seller on the planet for a few years. Not all shareholders were on board with the plan, however, and eventually these shareholders sued. The suit was complicated but essentially, the dissenting shareholders claimed Musk misled them when coming up with the compensation plan. A Delaware judge agreed and the plan was voided by a judgment in January. Now, the massive payday is back on the board as shareholders move to vote to incorporate in Texas. If this vote goes through, shareholders will be able to revote on the $55 billion package. Enter a website at the very heigh
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