Tesla shareholders will vote Thursday at the company’s annual meeting on whether a massive pay package for CEO Elon Musk that was already thrown out by a Delaware judge earlier this year should be restored.
The compensation package, 303 million options to buy Tesla shares at a drastically reduced price, was worth $51 billion when it was voided by a Delaware judge nearly five months ago. The package was worth $46.8 billion as of Wednesday’s market close, due to a steady decline in Tesla share price (TSLA) this year.
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