DETROIT (AP) — Tesla shareholders have voted to restore CEO Elon Musk's record $44.9 billion pay package that was thrown out by a Delaware judge earlier this year.
DETROIT — Tesla shareholders have voted to restore CEO Elon Musk's record $44.9 billion pay package that was thrown out by a Delaware judge earlier this year.
Tesla last valued the package at $44.9 billion in an April regulatory filing. It was once much as $56 billion but has declined in value ialong with Tesla's stock, which has dropped about 40% in the last 12 months. A separate issue to move the company’s legal home to Texas to avoid the Delaware courts also was approved, Musk said Thursday at the meeting in Austin, Texas.
But they differ on whether the new approval of the pay package will make it easier for Tesla to get it approved.
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