The board is seeking shareholder approval to reinstate Tesla CEO Elon Musk's multi-billion dollar compensation package, previously rejected as unfair. Despite initial rejection, the board still supports the package, emphasizing it as crucial for Tesla's stockholder democracy. Shareholders will also vote on relocating Tesla's corporate home. Despite concerns over the headline figure of Elon's $45 billion package, it's highlighted that the awarded options were valued much lower initially, and the windfall resulted from the stock's significant rise. The reconsideration of the compensation package is likely due to the stock's performance, which has dipped by 38% in 2024, potentially impacting Elon's actual compensation value. Ultimately, the reinstatement of the package is expected, considering the initial valuation of options, the stock's significant increase, and its implications for Tesla's future performance and economic prospects.
Kara and Scott discuss the new plan to fast-track the TikTok ban bill through Congress, the debate over Caitlin Clark's WNBA salary, and Trump Media's questionable move into streaming. Then, Tesla is asking shareholders to reapprove Elon Musk's multi-billion dollar pay package, despite a judge calling it unfair back in January. Will Elon get his way? Plus, NPR and Google are the latest companies to get publicly called out by employees. How should employers handle criticism and pushback from within? Finally, a listener mail question about who really benefits from dual class stocks.
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