"Tesla's chair, Robyn Denholm, sent a letter to shareholders on Monday warning them that Musk may choose to leave the company if they do not pass the massive compensation plan at its annual meeting next week. The package, which could be worth as much as $1 trillion if Musk hits a series of ambitious revenue and product goals over the next decade, has faced pushback."
"Proxy firms ISS and Glass Lewis have both recommended that shareholders vote against it, leading Musk to brand them as "corporate terrorists" in a fiery conclusion to Tesla's earnings call last week. However, other notable shareholders have publicly supported it."
Tesla shareholders will vote November 6 on a compensation package that could be worth up to $1 trillion if Elon Musk meets ambitious revenue and product goals over the next decade. Tesla chair Robyn Denholm warned shareholders that Musk might choose to leave if the plan is not approved. Proxy advisory firms ISS and Glass Lewis recommended voting against the package, and Musk called those firms "corporate terrorists." Several prominent shareholders have publicly supported the plan despite pushback, and the vote will determine whether Musk could become the world's first trillionaire.
Read at Business Insider
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