Tesla's board has established a special committee to reconsider CEO Elon Muskâs compensation amidst declining sales and a tarnished brand image. The committee, comprising chair Robyn Denholm and Kathleen Wilson-Thompson, seeks to evaluate not only a new pay package but also potential compensation for Musk's earlier work after controversies and legal challenges surrounding prior stock options. Investors express concern that Muskâs departure could worsen Teslaâs situation, given that he has played a significant role in the current crisis and public perception issues, especially linked to his political views and the companyâs performance.
Shareholders are terrified that their supreme leader will leave the company if he doesn't get all the money he was promised.
His extremist views and his role in the Trump administration have inflamed public opinion of himself and his automaker.
Musk's payout has been a lengthy saga. First proposed in 2018, the exorbitant pay package has faced legal challenges in Delaware.
It's a questionable moment for Tesla to be worrying about furnishing Musk, the world's richest man, with billions of more dollars.
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