Watch: A Video of Richest Person on Earth Elon Musk Dancing After Tesla Approves $56 Billion Pay Package
In an event that has captured the attention of both Wall Street and social media, Tesla shareholders have approved a monumental compensation package for their CEO, Elon Musk. Despite facing opposition from significant institutional investors and proxy firms, the decision to restore Musk's $56 billion pay package was confirmed at Tesla's annual meeting in Austin, Texas. This decision marks a notable moment in the company's history and has led to a viral video of Musk celebrating the vote. The approval of Musk's compensation package came after a judge had previously nullified it earlier this year. Corporate secretary Brandon Ehrhart announced the preliminary results, highlighting strong investor support for Musk's leadership. “Tesla shareholders have spoken,” Ehrhart declared, indicating a decisive victory for Musk amidst ongoing legal challenges. The package, initially set six years ago, ties Musk's rewards to Tesla’s performance metrics, a move the board ar...
