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International Business Times
International Business Times
Business
AFP News

Tesla Shareholders Back Huge Payout For CEO Musk, Company Says

Tesla Inc. Elon Musk Delaware X Kathaleen McCormick Ron Baron

Tesla shareholders voted in favor of a huge compensation package for CEO Elon Musk, endorsing the potential windfall after a Delaware court invalidated it, a company official said Thursday.

Based on preliminary vote results, investors backed a plan of up to $56 billion for the mercurial Musk, corporate secretary Brandon Ehrhart said at Tesla's annual meeting in Austin, Texas.

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