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.
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.