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A letter to Tesla shareholders signed by Chairperson Robyn Denholm sought to drum up votes in favor of restoring a $56 billion pay package granted to CEO Elon Musk in 2018. That compensation package was recently rescinded by a Delaware judge, who argued Musk was overpaid. Now, Tesla is asking shareholders to restore it at the EV company’s annual meeting on June 13.
The vote on Musk’s pay highlights an extreme example of the growing disparity between what CEOs earn compared to the average US worker. This imbalance has fueled scrutiny of executive compensation plans, with direct implications for the HR