Shareholders Want To Remove Elon Musk From Tesla Board Over Twitter Use

Pensions and Investment Research Consultants, which hails as one of the largest pension representation and lobby groups in the UK, is urging Tesla shareholders to remove Elon Musk over his 10-year CEO performance award and his Twitter behavior. According to Pirc, Musk’s compensation plan, which could net a record $55.8 billion payout, “unfairly riches the chief executive.”

In a recommendation on Tuesday, Pirc alleged that Tesla’s “Board, including CEO Elon Musk, awarded themselves excessive compensation packages over a three-year period that allegedly allowed directors to ‘enrich themselves at the company’s expense.’” The shareholder adviser also called on investors to vote against Musk’s re-election to Tesla’s board due to the deal, as it posed a “serious risk of reputational harm to the company and its shareholders.”

carloslassiter - 7/1/2020 1:43:43 PM

+3 Boost

So you're telling me that posting crazy / inflammatory / false info on Twitter has consequences? That would be great.

PUGPROUD - 7/1/2020 2:23:55 PM

+1 Boost

Even if it did happen which is highly unlikely he would be invited back much sooner than later...think Steve Jobs.

USNA1999 - 7/1/2020 4:33:55 PM

+3 Boost

Why are these shareholders whining? I could care less what he posts on Twitter as long as TSLA shares keep rising. By the looks of it his posts are not hurting to stock’s valuation.

MDarringer - 7/1/2020 5:37:18 PM

0 Boost

How much less could you care?

carloslassiter - 7/1/2020 7:31:13 PM

+2 Boost

It's a losing battle Darringer - so many people use that phrase incorrectly it has now become the accepted usage.

USNA1999 - 7/1/2020 8:45:18 PM

+2 Boost

No big deal, English is my second language. I speak three languages, Portugués being my native tongue and Spanish not far behind.

MDarringer - 7/2/2020 9:07:35 AM

0 Boost

Umm NO. Your Alt-Left culture of mediocrity says it's accepted usage, but unlike you, I don't consider illiteracy a virtue.

SanJoseDriver - 7/3/2020 4:11:07 PM

+1 Boost

@USNA, are you from Brazil or Portugal?