A deal’s a deal, according to Tesla board chair Robin Denholm. And the Tesla board wants investors to back its agreement with CEO Elon Musk in awarding him the largest pay package in history, once valued at $56 billion.
Tesla shareholders will vote next week to ratify Musk’s stock option grant for a second time after a judge rescinded the award in January. The Delaware Chancery Court ruled that there was a lack of independence among directors and that improper negotiations took place between Musk and the board. Denholm, speaking on CNBC, said she has been in discussions with Tesla’s largest investors on a daily basis about the June 13 vote on Musk’s pay in recent weeks.
