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Tesla CEO Musk's pay package garners support from 77% of votes at investor meeting
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Tesla CEO Musk's pay package garners support from 77% of votes at investor meeting
Jun 14, 2024 3:34 AM

SAN FRANCISCO, June 14 (Reuters) - Tesla CEO

Elon Musk's $56 billion pay package garnered support from about

77% of votes cast at its annual shareholder meeting, according

to a company filing on Friday.

Investors holding 1.76 billion shares voted in favor of the

pay package, which is the largest in U.S. corporate history,

while 528.9 million shares voted against the plan, according to

the filing.

In 2018, 73% of Tesla investors had voted in favor of

the same pay package, which was voided by a Delaware judge this

year.

(Reporting by Hyunjoo Jin in San Francisco; Editing by Arun

Koyyur)

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