Elon Musk’s $56 Billion Pay Package Approved by Tesla Shareholders ...Middle East

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Elon Musk’s $56 Billion Pay Package Approved by Tesla Shareholders
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Tesla shareholders approved CEO Elon Musk's $56 billion pay package, the electric vehicle-maker said on Thursday, a big thumbs-up to his leadership and an enticement for keeping his focus on his biggest source of wealth. Shareholders also approved a proposal to move the company's legal home to Texas from Delaware, Tesla said at its annual shareholder meeting in Austin, Texas. They also approved other proposals including the re-election of two board members: Musk's brother Kimbal Musk and James Murdoch, son of media mogul Rupert Murdoch. Shareholders did increase the level of investor control by passing proposals in favor of shortening board terms to one year and lowering voting requirements

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