A group of Tesla (TSLA) shareholders are trying to encourage others to vote against Elon Musk's $56 billion pay package, saying Musk is distracted by the...
) shareholders are trying to encourage others to vote against Elon Musk 's $56 billion pay package, saying Musk is distracted by the other companies he is running. The group wrote to shareholders," Tesla is suffering from a material governance failure which requires our urgent attention and action." Brad Lander , one of the letter's signatories and New York City Comptroller, joins Market Domination to discuss the move.
The group that consists of the Amalgamated Bank, so investment group and six other signatories, they say Musk is distracted by all the other companies. You just heard that, you know, even amongst the largest companies, 22 23 million a year, this even if you average it over a decade, $5.6 billion stratospheric pay.That's why the Delaware Chancellory Court invalidated the pay package.
What shareholders of Tesla want is for the board to make sure that the CEO of Tesla is focused on Tesla thinking about how we grow and expand evs and make money uh for shareholders by running Tesla and that's not what we're getting right now. Um You know, trying to call attention to that and getting shareholders to vote against the management recommendation.
All right, we're gonna leave it there, but I really appreciate you stopping by here on a Friday afternoon ahead of the Memorial Day weekend.A dividend stock with a mouth-watering yield providing monthly cash flow streams. The post A 10.6% Dividend Stock That Provides Monthly Cash Payments appeared first on The Motley Fool Canada.A high-yield TSX dividend stock is a buying opportunity for long-term investors.
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