At stake is a compensation package from 56 billion dollars overall in a decade, rejected a few months ago by a US judge because the board of directors who had proposed it could not really be considered independent by the beneficiary of that astronomical sum, the master father Elon Musk. Tesla shareholders voted on it again in these hours, along with a plan to move the company’s headquarters from Delaware to Texas where the sentence does not apply.
The official results have not yet been made known but the tycoon, even before the start of the meeting which will take place in Austin, has already written about X (bought in 2022) that everything is going just as he hoped, despite the opposition of some shareholder funds: resolutions are passing “with wide margins“. No reference to the investigation that came out only yesterday on Wall Street Journal, according to which Musk had harassed some employees of the aerospace company Space X, another of his creations, including an intern. In other cases, relationships were born accompanied by expensive gifts and benefits and ended badly, with dismissals and substantial severance pay.
A script that does not surprise those who remember the excesses of the billionaire entrepreneur, accustomed, according to other investigations, to consuming LSD, cocaine, ecstasy, magic mushrooms and ketamine (He denied this, only to reveal that he actually uses prescription ketamine to overcome depressive phases).
At this point we will see how what is in fact a referendum on the CEO. In recent weeks Musk has campaigned to convince shareholders to support the incredible compensation. The result will have an impact on the performance of the group, which is struggling with weak sales, layoffs and a major one competition globally. In a letter to investors, Tesla president Robyn Denholm urged investors to support Musk because he is “not a typical manager” and because motivate him “we need something different”.
