Tesla shareholders approved CEO Elon Musk¡¯s $56 billion pay package, the electric vehicle-maker said on Thursday, a big thumbs-up to his leadership and an incentive to keep his focus on his biggest source of wealth.
The approval underscores the support that Musk enjoys from Tesla¡¯s retail investor base, many of whom are vocal fans of the mercurial billionaire.
The proposal passed despite opposition from some large institutional investors and proxy firms.
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