After a judge took away Tesla CEO Elon Musk’s $45 billion pay package, shareholders seem on the cusp of giving it back.
On Thursday, Tesla’s shareholders will vote on whether or not to approve Musk’s uniquely structured, all-or-nothing pay package. Initially passed in 2018, the pay proposal was praised by Tesla’s board and shareholders because it was seen as a moonshot, requiring Musk to hit near-impossible goals before he saw any pay. But six years later, after those targets had been hit, the pay was invalidated by a judge, and Tesla’s board was accused of mismanagement.
