3 days agoThe removal of Elon Mousk from Tesla, the company that founded it, is required
Periskopi(6 years ago)
(6 years ago)The Tesla company's investors want to vote on the removal of Elon Musk, their founder and executive director, from the firm board, as anger is growing over his bonus agreement that will provide him a record $5.8 billion. Pirc, an important adviser to shareholders, recommended on Tuesday [...]
Pirc, an important adviser to shareholders, on Tuesday recommended that investors vote against the Musk payment agreement because “unfairly enriched the executive chief”.
Pirc further said the deal exposed the company to lawsuits, claiming that: “Bord, including Executive Director Elon Musk, gave themselves excessive compensation over the three-year period”, The Guardian writes, translates Periscopi.
The shareholders' adviser urged investors to vote against Musk's re-election on board because of the payment agreement, and warned that he posed a serious “to hurt the company's reputation and its shareholders”.
It also mentions Musk's Twitter bombings, which cost the company much money. /Periscope
