“We have the most awesome shareholder base,” Musk said at the shareholder meeting after the vote was announced. — Reuters
SAN FRANCISCO: Elon Musk’s army of small-investor allies took a victory lap on Thursday as the Tesla CEO won a critical shareholder vote for his US$56bil pay package despite opposition from major institutions.
Mom-and-pop investors, who hold an unusually high share of the electric-vehicle maker, are typically apathetic toward voting. But in an unusual show of support, many had been campaigning on social media for weeks for the celebrity billionaire CEO’s pay to be reinstated after a Delaware judge voided it in January because she found that Musk had improperly controlled the process.
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