Tesla chairman Robyn Denholm is asking investors to effectively over-rule a court decision cancelling the biggest pay package in history.
Is one of the requirements of being a company chairman to bullshit investors? This week, Tesla chair Robyn Denholm wrote to shareholders and made a plea-for-sympathy for the carmaker’s wildly unpredictable chief executive, Elon Musk.
“Because the Delaware Court second-guessed your decision,” Denholm complained in the Tesla proxy statement this week, “Elon has not been paid for any of his work for Tesla for the past six years that has helped to generate significant growth and stockholder value. Many blame Musk, who was AWOL for much of last year running his newly purchased social media site, X, fighting with advertisers and propagating anti-semitic race theories. In the last 24 hours, he attacked the head of America’s National Public Radio, artificial intelligence and illegal immigration.
The amount is almost the same as the fall in Musk’s wealth this year, to $US174 billion, which is primarily due to lower Tesla shares. He’s now fourth on the
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