Moonshot Compensation Plan for Tesla CEO Musk Faces Backlash from Investors: Could It Be Shot Down?
New York City, New York – Tesla investors are actively opposing Elon Musk’s proposed $46 billion stock-option package, marking the largest compensation plan in history. The New York City pension funds, which oversee $260 billion in assets, have filed a notice urging shareholders to vote against Musk’s pay plan at the upcoming shareholder meeting on June 13. The move is led by New York City Comptroller Brad Lander, who believes that the Tesla board is …