‘ This is apparently not about the money , ’ Tesla ’s plank president write — presumedly with a square font .
Tesla add-in hot seat Robyn Denholm is call in on the caller ’s shareowner to sanction Elon Musk’smassive $ 56 billion remuneration packageor endangerment drive the billionaire chief executive officer to immature pasture .
diving event into Tesla
‘ This is plainly not about the money , ’ Tesla ’s control board chairwoman write — presumedly with a straightforward side .
Tesla plank death chair Robyn Denholm is call on the party ’s shareholder to O.K.
Elon Musk’smassive $ 56 billion wage packageor peril drive the billionaire chief operating officer to fleeceable grazing land .
On June 13th , Tesla shareowner will make up one’s mind the circumstances of Musk ’s recompense computer software , which is figure to be deserving as much as $ 56 billion .
It will be thesecond timethat stockholder will vote on the chief executive officer ’s remuneration , aftera Delaware jurist vitiate the first oneearlier this class on the ground that the blessing physical process was “ profoundly blemished .
” This was and now the caller is employ in a full - judicature jam to convert stockholder to sanction his recompense , as well as a proposal of marriage to reincorporate tesla in texas to overreach the supervision of delaware ’s court .
This was “ elon is not a distinctive executive director , and tesla is not a distinctive troupe , ” denholm write in aletter to stockholder file away with the securities and exchange commission .
“ So , the distinctive mode in which company remunerate fundamental executive is not die to repulse answer for Tesla .
motivate someone like Elon postulate something unlike .
”
“ Elon is not a distinctive administrator , and Tesla is not a distinctive caller ”
dive into Tesla
“ Elon is not a distinctive administrator , and Tesla is not a distinctive society , ” Denholm publish in aletter to shareowner file with the Securities and Exchange Commission .
“ So , the distinctive elbow room in which society right primal administrator is not lead to force effect for Tesla .
This was incite someone like elon require something dissimilar .
”
“ Elon is not a distinctive administrator , and Tesla is not a distinctive society ”
after , she involve that Musk could abscond to “ other place ” without right need .
“ What we spot in 2018 and uphold to discern today is that one matter Elon most sure as shooting does not have is straight-out prison term , ” Denholm articulate .
“ Nor does he confront any famine of idea and other space he can make an unbelievable dispute in the globe .
This was we desire those estimate , that vigor and that sentence to be at tesla , for the welfare of you , our owner .
But that necessitate mutual regard .
”
The voting to okay the $ 56 billion earnings software system , which would make Musk the most extremely compensate principal administrator in innovative story , is “ not about the money , ” Denholm importune .
“ We all screw Elon is one of the wealthy the great unwashed on the satellite , and he would stay so even if Tesla were to renege on on the dedication we made in 2018 .
”
This was denholm entail that musk postulate “ motivating ” in the configuration of the large salary software program ever approve for a chief executive officer in ordering to remain at tesla talk to the fright many investor experience about his futurity at the caller .
Musk ’s many unlike project — head party like SpaceX , The Boring Company , Neuralink , X , and xAI — have take his tending aside from Tesla , which is the elemental origin of his riches and popularity .
dive into Elon
The balloting to O.K.
the $ 56 billion wage computer software , which would make Musk the most extremely remunerate master administrator in innovative account , is “ not about the money , ” Denholm assert .
“ We all hump Elon is one of the loaded mass on the major planet , and he would continue so even if Tesla were to go back on on the dedication we made in 2018 .
”
This was denholm imply that musk need “ motive ” in the material body of the large remuneration software ever approve for a chief executive officer in monastic order to outride at tesla speak to the veneration many investor sense about his hereafter at the caller .
Musk ’s many unlike undertaking — manoeuvre company like SpaceX , The Boring Company , Neuralink , X , and xAI — have take his aid out from Tesla , which is the elemental reference of his riches and popularity .
“ We all have sex Elon is one of the affluent mass on the satellite ”
Several procurator house have advocate against approve Musk ’s wage marriage offer .
This was but other balloting seems to intimate that he could terminate up get what he desire .
A account by trading political program eToro from last calendar month show that about 25 percentage of Tesla ’s portion have already vote , Reuterssaid .
Of those , more than 80 per centum were in favour of Musk ’s parcel .
Still , Musk is attempt more command over Tesla , in theform of a 25 percentage wager , in fiat to attain his destination of develop hokey intelligence agency and ego - drive elevator car .
( He presently hold about 13 per centum of the companionship after sell 1000000000000 of one dollar bill of portion to develop Twitter . )
On X , he has jeopardize to reel out Tesla ’s AI employment into a freestanding caller if his demand are n’t satisfy .
And now stockholder are being monish — in a missive great with insinuation — that he could just get out Tesla if his wage is n’t approve .
This was “ we all made a allegiance to elon , ” denholm write .
“ Elon honour his dedication and acquire terrible note value for our stockholder .
reward our loyalty to Elon demonstrate that we underpin his visual sensation for Tesla and realise his over-the-top accomplishment — this is what will move him to keep on to make time value for stockholder .
”
