Reuters exclusively reported that Tesla’s largest outside investor Vanguard said it voted in favor of CEO Elon Musk’s $56 billion pay package, citing the company’s performance, contributing to the passage of the record-setting arrangement.
AutomotiveBusiness & Finance
Vanguard vote switch helped pass Tesla CEO Elon Musk’s $56 billion pay package
14 June 2024, 6:04 pm 1 minute
Market Impact
Musk’s pay was invalidated by a Delaware judge in January, leading to the shareholder vote. Top proxy advisers and various big investors had lined up against the compensation on concerns including that it was too much money.
Article Tags
Topics of Interest: AutomotiveBusiness & Finance
Type: Reuters Best
Sectors: Business & Finance
Regions: Americas
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
