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Elon Musk’s Fate Hangs in the Balance as Tesla Shareholders Cast Votes on $56 Billion Pay Package

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Shareholders of Tesla gathered today to decide the fate of CEO Elon Musk’s $56 billion pay package, pondering the crucial question of whether Musk will retain his exceptional compensation. With Musk expressing optimism about the passage of his pay package late on Wednesday, official confirmation is expected to be announced later today, driving an increase in Tesla stock prices during pre-market trading. The uproar surrounding Musk’s all-stock pay package, initially granted in 2018, has been …

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Elon Musk’s Fate Hangs in the Balance: Will Shareholders Approve $56bn Pay Package?

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Austin, Texas – The chair of Tesla recently brought up the possibility of Elon Musk taking a step back from the electric car manufacturer if shareholders do not approve the CEO’s $56 billion pay package. Robyn Denholm mentioned that if the vote next week does not go in Musk’s favor, there are other opportunities where he could focus his time and energy. Denholm emphasized in a letter to investors that the upcoming vote on Musk’s …

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