Tesla Shareholders Approve Elon Musk's $56 Billion Pay Package, Move Incorporation to Texas from the board game life Watch Video
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⏲ Duration: 0:54 👁 View: 1.6M times ✓ Published: 15-Jun-2024
Description: Tesla shareholders voted to ratify CEO Elon Musk's 2018 pay package worth up to $56 billion in Tesla stock options at the annual meeting. In January, a Delaware court ordered Tesla to rescind the pay package, finding it was improperly granted by the board without proper negotiations. The vote provides a PR win for Musk but does not override the court ruling. It could help Musk's effort to get the performance options in the future. Shareholders also voted to approve moving Tesla's incorporation from Delaware to Texas, where it has its largest US factory. Elon Musk, describing himself as \