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Elon Musk is in jubilant mood after winning a victory last night over his pay deal currently valued at around $46bn. After shareholders reapproved the mega package, Musk posted a photo of a cake, on with “Vox Populi, Vox Dei”, and a heart, has been written. Tesla’s CEO says he’s sending it to Delaware – where a judge had blocked the payout back in January, prompting Thursday’s fresh vote to approve it .
The voice of the people may well be the voice of God, but whether the Almighty would approve of a near-$50bn pay deal is quite another matter. Musk hailed his shareholders last night, telling a crowd of investors at the Tesla factory in Austin, Texas: “We have the most awesome shareholder base. Hot damn, I love you guys.” Investors also approved a second resolution, to reincorporate the electric-vehicle maker in Texas.
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