Elon Musk has been the face of Tesla for two decades as an investor and CEO — but if shareholders don’t approve his multi-billion dollar compensation package next week, things could change.
Robyn Denholm, chairperson of Tesla’s board, sent stockholders a letter on Wednesday urging them to approve Musk’s proposed $56 billion pay at the company’s annual meeting on June 13.
The compensation package, which could be the highest in U.S. corporate history, was “obviously not about the money,” Denholm wrote.
Related: Tesla to Shareholders: Approve CEO Musk’s Record-High Pay
Instead, Denholm framed the issue as a way to incentivize Musk to keep focusing on Tesla.
“If Tesla is to retain Elon’s attention
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