Its more that huge firms like vanguard and fidellity just default to what managment votes for; they dont meddle. The individuals holding the shares of the index funds likey did not support it.
Nope. Anyone with shares could vote, and 77% voted to pay him the $56B. Not even close. The biggest fear of TSLA owners is that Musk will leave, because the stock is orders of magnitude overvalued on his cult.
Yes, but votes are proportional to the number of shares owned, and most of the shares owned by non insiders are owned via index funds. So you meed to account for shares owned by the board members (including Elon himself), in addition to shares owned via proxy (shares in index funds, etfs, etc) where the proxy just votes with managment’s guidance. Its not like voting for a politician. Its more akin to 77% of shares voted for it, which translates to a small number of people. The remining 23% are likely individual shareholders, hedge funds and family offices that disagree with the compensation.
IDK Tesla had 2 chances to fire him and both times they voted to give him 56 billion instead
Teslas board is full of nepotism. They aren’t going to fire the person responsible for giving them that position.
Don’t know about SpaceX
At some point, which will happen, Tesla investors will lose billions and sue the board.
And the shareholders supported it.
Its more that huge firms like vanguard and fidellity just default to what managment votes for; they dont meddle. The individuals holding the shares of the index funds likey did not support it.
Nope. Anyone with shares could vote, and 77% voted to pay him the $56B. Not even close. The biggest fear of TSLA owners is that Musk will leave, because the stock is orders of magnitude overvalued on his cult.
Yes, but votes are proportional to the number of shares owned, and most of the shares owned by non insiders are owned via index funds. So you meed to account for shares owned by the board members (including Elon himself), in addition to shares owned via proxy (shares in index funds, etfs, etc) where the proxy just votes with managment’s guidance. Its not like voting for a politician. Its more akin to 77% of shares voted for it, which translates to a small number of people. The remining 23% are likely individual shareholders, hedge funds and family offices that disagree with the compensation.