Tesla Board Urges Shareholders to Approve Musk’s Pay Package

Tesla’s board is warning shareholders that CEO Elon Musk could leave the company if they vote against his nearly $1 trillion compensation plan.

Transcript

00:00Tesla's board is warning shareholders that CEO Elon Musk could leave the company if they vote

00:05against his nearly $1 trillion compensation plan. In a letter ahead of Tesla's November 6th

00:11annual meeting, Tesla's board chair argued that Musk is vital to the company's future

00:16as it expands into autonomous driving and robotics. Critics, including major proxy

00:21advisors ISS and Glass-Lewis, have labeled the package quote astronomical and urged investors

00:28to reject it, while unions and watchdogs have launched campaigns opposing it. Musk has

00:34pushed back sharply calling the proxy firms quote corporate terrorists as the high-stake vote looms.