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The battle over Elon Musk’s Tesla comp package heats up
Hey there, it's time for an update on the battle over Elon Musk's Tesla compensation package.
The battle is heating up as a major advisory firm is recommending shareholders vote against it,
and Musk fans are resorting to scare tactics.
The two main proposals that the board is trying to get through
are a new vote on Musk’s 2018 CEO compensation package
and moving Tesla’s state of incorporation to Texas.
Now Glass Lewis, a major shareholder advisory firm,
has announced that they are recommending to vote against it,
which they also did in 2018, and shareholders still approved the move.
Musk’s army of fans are resorting to scare tactics to push the vote in his direction,
suggesting that shareholders should fold to Musk’s threat.
The battle is intensifying, and the stakes are high.
Stay tuned for more updates as the shareholder battle continues to unfold.
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