June 13 (Reuters) - Tesla shareholders are

voting to approve a $56 billion pay package for its CEO Elon

Musk by wide margins, the billionaire said on social media on

Wednesday.

The company's attempt to seek a shareholder re-vote on the

record-breaking pay has put the spotlight on CEO compensation in

corporate America.

Here are what some people are saying about it:

SANDEEP RAO, SENIOR RESEARCHER AT LEVERAGE SHARES WHICH OWNS

TESLA SHARES

"This vindicates Musk and allays some investor concerns

around his waning interest in Tesla, but major institutional

shareholders who are opposing the pay package might seek value

elsewhere due to their concerns around the size of package,

especially given Tesla's recent disappointing performance and

rising competition."

GREG ABBOTT, TEXAS GOVERNOR

"Congrats Elon on getting the pay you were promised and on

your new incorporation in Texas.

"Welcome to a state that has neither a personal nor a

corporate income tax."

ADAM BADAWI, LAW PROFESSOR AT UC BERKELEY

"Even if the shareholders do approve the old package, it is

not clear that the Delaware court will allow that vote to be

effective."