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International Business Times

Business

Litty Simon

Tesla CEO Elon Musk To Leave If $56 Billion Pay Package Not Approved

Elon Musk Tesla Inc. United States Robyn Denholm Delaware

Tesla shareholders will determine the future of Musk's compensation package, valued at up to $56 billion, on June 13. Tesla board chair Robyn Denholm has called on the company's shareholders to approve Elon Musk's massive $56 billion pay package or risk driving the billionaire CEO to greener pastures.

This will be the second vote by shareholders on the CEO's pay, after a Delaware judge nullified the first vote earlier this year, citing that the approval process was "deeply flawed."

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Federal judge halts ICE detention centre construction at California site over environmental review

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One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Federal judge halts ICE detention centre construction at California site over environmental review

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