Copyright theage
Elon Musk turned off many potential buyers of his Tesla cars and sent sales plunging with his foray into politics. But the stock has soared anyway and now he wants the company to pay him more — a lot more. Shareholders gathering on Thursday (US time) for Tesla’s annual meeting in Austin, Texas, will decide in a proxy vote whether to grant Musk, the company’s CEO and already the richest person in the world, enough stock to potentially make him history’s first trillionaire. It’s a vote that has sparked heated debate on both sides of the issue, even drawing the pope’s comments on it as an example of income inequality. Several pension funds have come out against the package, arguing that the board of directors is too beholden to Musk, his behaviour too reckless lately and the riches offered too much.
