The battle over Elon Musk's Tesla comp package heats up
The battle over Elon Musk's Tesla comp package heats up
The battle over Elon Musk’s compensation package is heating up as a big advisory firm is recommending shareholders vote against...
It's my great pleasure to vote against this compensation package.
How practically does the voting take place and what's the conditions for being able to participate?
I know you need to be a shareholder but amounts of stock and/or do you need to be a shareholder for xyz amount of days prior and so on?
I would gladly buy stock and vote against it just because he needs to be taken off his high horses but I'm not familiar enough with US stock market procedures to know how it's being done and what rules apply.
The company I buy stocks through emailed me a link to a form. I think they use some 3rd party service to do it. Then I just answer a bunch of multiple choice questions. I'm still fairly new to the whole thing but I believe your votes are weighted based on how many shares you hold, I don't know if there's a minimum amount before you're able to vote.
I only have like 15 shares and i got the link to vote (Australian) i love how they give you a board recommendation for each question (spoiler it's always in favour of Elons interests) it felt good 5o vote againts him for everything, even though it will clearly have next to no weight.
Vote that schmuck out so he can continue spending all his time on his passion project Twitter.
Tesla needs focus, the cybertruck is a disaster birthed of misguided hubris.
Any indication of how it's leaning so far?
The vote won’t be revealed until the shareholder meeting or a tantrum is posted in the event it’s not approved, or a smug post if approved.
Have they set a date for the shareholder meeting?
It's going to be a tantrum either way. Even if he gets it, he's going to have a tantrum and run away with it, leaving everyone else holding the bag. The US is staring down another Trump administration, with Trump threatening to cancel electric cars (not sure how that's possible, but I'm sure they can fuck things up pretty good too). It's nothing but storm clouds for Tesla if they give this to him, it's going to start a slow decline to a bunch of crap.
Personally, I'm hoping he has a tantrum and leaves. He's a big part of what Tesla is, no doubt. He deserves a fairly sizeable compensation package, again no problem there. But there's a god damn limit, and his behaviour as of the last couple years shows there's something pretty wrong going on in his head and it's going to drown the whole company if they don't eliminate the noise. That goes for his crooked little board too. The best scenario is a no, he leaves, the board leaves and the company can begin rebuilding through it's next stage, with a pretty good product line + get the charging station growth back in the picture.