Elon Musk says, "Hot damn, I love you," as Tesla shareholders approve a $56 billion compensation deal.
The approval of Elon Musk's $56 billion compensation plan by Tesla shareholders shows how well-liked he is by the company's retail investor base. The approval of Elon Musk's $56 billion compensation plan by Tesla shareholders shows how well-liked he is by the company's retail investor base.
After shareholders accept his $56 billion compensation deal, Musk rejoices.
Small-scale investors backed Musk and the compensation plan.
Despite the acceptance, there are still legal issues in Delaware. Tesla CEO Elon Musk was overjoyed after his contentious $56 billion compensation plan was approved by retail investors during the company's shareholder meeting in Austin, Texas.
Musk exclaimed as he took the stage after his compensation package was approved, "I just want to start off by saying, hot damn, I love you guys!"
"We have the most amazing group of shareholders. It's really amazing, Musk continued.
Musk, who had fought for the package's reinstatement after a Delaware judge invalidated it in January, alleging errors in the initial clearance procedure because of
insufficient independent oversight.
Retail investors supported Musk, even though some institutional investors expressed worries about his high salary.
On social networking sites like X (previously Twitter), many people spoke up in support of Musk and highlighted his roles in Tesla's success.
Small investors' active involvement highlights Musk's exceptional capacity to cultivate loyalty.
Through frequent social media posts, a special website outlining the plans, and even factory trips for some voting shareholders, the CEO interacted with them.
"Almost 90% of retail investors who cast ballots supported it," Musk said with pride over the weekend on X.
The vote was secured by this resounding backing and the assistance of a few significant institutional investors.
Retail investors supported Musk, even though some institutional investors expressed worries about his high salary.
On social networking sites like X (previously Twitter), many people spoke up in support of Musk and highlighted his roles in Tesla's success.
Small investors' active involvement highlights Musk's exceptional capacity to cultivate loyalty.
Through frequent social media posts, a special website outlining the plans, and even factory trips for some voting shareholders, the CEO interacted with them.
"Almost 90% of retail investors who cast ballots supported it," Musk said with pride over the weekend on X.
The vote was secured by this resounding backing and the assistance of a few significant institutional investors.
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