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Tesla shareholders vote to reinstate Elon Musk’s $56 billion pay package

Tesla shareholders vote to reinstate Elon Musk’s $56 billion pay package

Tesla shareholders on Thursday voted to ratify CEO Elon Musk’s mammoth 2018 pay plan, five months after a judge in Delaware ordered the company to rescind the package, finding it had been improperly granted by the board.

At Tesla’s annual meeting in Austin, Texas, the vote in support of the compensation plan, doesn’t override the court’s ruling, but provides a public relations victory for Musk and could help his effort to sway a court to give…


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