Tesla asks shareholders to restore Elon Musk’s $56bn pay deal

Aljazeera

Summary

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Electric vehicle maker Tesla will ask its shareholders to vote again on a $56 billion compensation package they had approved in 2018 for CEO Elon Musk before it was squashed by a U.S. court earlier this year.
Hürriyet Daily News
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Tesla will also call a vote on moving firm's state of incorporation to Texas from Delaware
Gulf News
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The vote is likely to set off a bitter battle among investors and governance experts over whether shareholders should provide Musk with the richest pay package in U.S. corporate history.
The New York Times
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When the court made the decision to throw out the case, the Tesla shares prices allowed Musk with a pay pack of around USD 50 billion.
Free Press Journal

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