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Tesla shareholders approved CEO Elon Musk getting $56 billion pay package, the electric vehicle-maker said on Thursday, Jun 13. This record-breaking salary is a big thumbs-up to Musk’s leadership and an incentive to keep his focus on his biggest source of wealth.
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The Tesla shareholder approval underscores the support that Musk enjoys from Tesla’s retail investor base. Many of the shareholders are vocal fans of the flamboyant billionaire. The proposal passed despite opposition from some large institutional investors and proxy firms.
Elon Musk’s