It appears as though Elon Musk might be paid out a record $55.8 billion USD as part of a bonus deal, and some shareholders aren’t too excited about it. It’s no secret that shareholders have influenced the decisions of many companies throughout the years, and Pirc, a shareholder advisor has recommended that Musk be ousted as the chief executive of Tesla.
Pirc has a significant amount of sway considering it is an advisor to the UK’s local authority pension funds. Pirc also referenced the fact that Musk’s previous tweets have affected the share price of the company, and his behavior has otherwise cost the company millions in settlements. In addition, Pirc brought up the fact that Musk has opposed the COVID-19 quarantine publicly, and several Tesla employees have since tested positive for coronavirus.
Pirc also suggested against the re-election of Robyn Delholm, who oversaw Musk’s pay award. Tesla’s general meeting was scheduled for July 7, but has been delayed until September.
