I saw this and have been trying to determine the best means of complaining to Vanguard about their vote.
Vanguard vote switch helped pass Tesla CEO Elon Musk's $56B pay package
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Re: Vanguard vote switch helped pass Tesla CEO Elon Musk's $56B pay package
#12Huge vote of confidence for Musk. Also remember that Musk is paid in shares , the vote was whether he should get a significantly increased influence in Tesla. Curious what will happen to the court case. Can a court control a company against the repeated votes of share holders?
Can a court control a company against the repeated votes of share holders?
Can a shareholder vote overturn a court decision? No. So what is the practical impact here? It doesn't change a board without outsiders, which was one problem with the pay package. It doesn't retrofit an arms-length negotiation, which was another problem. This isn't a new incentive agreement because crafting a replacement with the same outcome and same tax impacts is not possible. As far as I can tell Elon can't collect on the incentives, which also means shareholders take no hit on dilution, yet.