Electric carmaker’s CEO faces crunch vote before its AGM over biggest pay package in US corporate history
Analysis: Should Tesla approve Elon Musk’s pay package?Business live – latest updates
Elon Musk has claimed Tesla shareholders are voting by a wide margin to approve a compensation package for him worth about $45bn (£35bn) in the run-up to the electric carmaker’s crunch annual general meeting later on Thursday.
The pay package, which is the highest ever awarded to the chief executive of a US company, is subject to an investor ballot after it was thrown out by a US judge earlier this year. Shareholders will also vote on Musk’s proposal to move the legal base of the electric carmaker to Texas.
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