- Tesla chair Robyn Denholm has requested shareholders to approve Elon Musk’s $1 trillion pay package deal.
- Denhold warned in a letter that Musk might depart if he does not get the package deal.
- Shareholders will vote subsequent month on the proposal.
Tesla’s board is warning shareholders they threat dropping Elon Musk as CEO if they do not cross his $1 trillion pay package deal.
In a letter to shareholders despatched on Monday, Tesla chair Robyn Denholm mentioned that Musk might unlock the EV big’s “full potential,” including that failing to cross the compensation package deal might result in Musk stepping away and Tesla dropping “important worth.”
“The basic query for shareholders at this 12 months’s Annual Assembly is easy: Do you need to retain Elon as Tesla’s CEO and encourage him to drive Tesla to turn out to be the main supplier of autonomous options and essentially the most precious firm on the earth?” wrote Denholm.
It is a growing story. Examine again quickly for updates.
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