Tesla Now Spends Ad Money to Influence Shareholders Approval Of Elon Musk's $55b Payday
Tesla has now disclosed that it is spending money to promote its shareholders vote to approve of Elon Musk’s $55..Tesla has now disclosed that it is spending money to promote its shareholders vote to approve of Elon Musk’s $55...
Electrek 9:38 pm on May 13, 2024
** Tesla, amidst controversy over its $55 billion CEO pay plan approved by shareholders in 2018, now spends ad money to influence a subsequent vote. The company faces accusations of misrepresentation and governance issues while promoting the move to Texas state incorporation alongside Elon Musk's compensation package for approval.
- Elon Musk Compensation Controversy: Tesla seeks shareholder approval for a disputed $55 billion pay plan amid governance issues.
- Advertising Spend: Tesla spends on advertisements, including promotional content by Elon Musk, to influence vote outcomes.
- Shareholder Vote: Shareholders have until June 13th for their vote, with ads in place to sway their decisions on related corporate moves.
- Legal Challenges and Compensation Plans: A judge ruled previously that the compensation plan was negotiated improperly.
- Company Response: Tesla's board is actively engaging in promoting its initiatives despite past judicial scrutiny.
- Elon Musk Compensation Controversy:
- Advertising Spend to Influence Votes:
- Shareholder Voting on Corporate Decisions:
- Legal Challenges Impacting Tesla's Governance:
- Tesla Board Engages in Proactive Promotion Amidst Legal Scrutiny:
https://electrek.co/2024/05/13/tesla-spends-ad-money-influence-shareholders-approval-elon-musk-55b-payday/