Electric Cars

Tesla: Shareholder Groups Oppose Elon Musk's Pay Package

A coalition of unions and public interest organizations, operating under the banner "Take Back Tesla," is actively campaigning against the proposed substantial pay package for Tesla CEO Elon Musk. They are urging pension and retirement fund managers to vote against the compensation plan, citing concerns about its excessive nature and potential negative implications for shareholders and employees alike. The campaign highlights the unprecedented scale of the proposed award, drawing comparisons to other high-profile CEO compensations and emphasizing the disparity with average employee earnings.