Categories: Estero

Tesla investors back record-breaking Musk pay deal | BBC News


Tesla shareholders have backed a record-breaking pay package for boss Elon Musk and approved a plan to move the firm’s legal headquarters to Texas.

The package was blocked earlier this year by a judge in Delaware over concerns it was unfair to shareholders.

The vote is a victory for the multi-billionaire, who had campaigned fiercely for the payout, which is worth up to $56bn (£43.9bn).

Its exact amount depends on the Tesla share price.

"Hot damn, I love you guys," he told a crowd of enthusiastic shareholders who had gathered in Texas for the firm’s annual meeting.

But the vote is not binding and legal experts have said it is not clear if the court that blocked the deal will accept the re-vote and allow the company to restore the pay package.

Subscribe here: http://bit.ly/1rbfUog

For more news, analysis and features visit: www.bbc.com/news

#ElonMusk #Tesla #BBCNews

Redazione

Comments are closed.

Recent Posts

What more is in the Epstein files, and why has Mandelson been reported to the police? | BBC Newscast

The Metropolitan Police say they are reviewing allegations of misconduct in a public office after new files suggest Peter Mandelson…

5 minuti ago

La Roma frena e perde il quarto posto, l’Udinese vince 1-0

UDINE (ITALPRESS) – La Roma frena e perde il quarto posto. Nel Monday Night della 23^ giornata di Serie A,…

25 minuti ago

Cina, tre mesi in orbita per la navicella Shenzou-21. Proseguono esperimenti

PECHINO (CINA) (XINHUA/ITALPRESS) – I membri dell’equipaggio dello Shenzhou-21, a bordo della stazione spaziale cinese Tiangong, hanno completato con successo…

25 minuti ago

Mattarella “Sport è incontro in pace, la tregua olimpica sia rispettata ovunque”

MILANO (ITALPRESS) – “I Giochi sono l’evento sportivo universale. L’Italia è felice di accogliere il gran numero di atleti, gli…

2 ore ago