June 11 (Reuters) – A Tesla (TSLA.O), opens new tab shareholder vote on Thursday on whether to reinstate CEO Elon Musk’s $56 billion pay package that was shot down by a Delaware judge will not provide a quick resolution, irrespective of the tally’s results.
Tesla’s board is hoping shareholder approval will give the electric vehicle maker the legal ammunition it needs to reinstate the package, though that is far from certain. The company has also said if the compensation plan is rejected by shareholders, it expects Musk would only accept a pay package that is similar in size to the voided one.
Source: REUTER
