Vanguard vote switch helped pass Tesla CEO Elon Musk’s $56 billion pay package 


AutomotiveBusiness & Finance

Reuters exclusively reported that Tesla’s largest outside investor Vanguard said it voted in favor of CEO Elon Musk’s $56 billion pay package, citing the company’s performance, contributing to the passage of the record-setting arrangement. 

Market Impact

Musk’s pay was invalidated by a Delaware judge in January, leading to the shareholder vote. Top proxy advisers and various big investors had lined up against the compensation on concerns including that it was too much money.

Article Tags

Topics of Interest: AutomotiveBusiness & Finance

Type: Reuters Best

Sectors: Business & Finance

Regions: Americas

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

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