{"id":251,"date":"2025-10-27T16:42:02","date_gmt":"2025-10-27T16:42:02","guid":{"rendered":"https:\/\/inernews.online\/?p=251"},"modified":"2025-10-27T16:42:02","modified_gmt":"2025-10-27T16:42:02","slug":"tesla-chair-warns-musk-may-quit-if-trillion-dollar-pay-deal-is-rejected-elon-musk-news","status":"publish","type":"post","link":"https:\/\/inernews.online\/?p=251","title":{"rendered":"Tesla chair warns Musk may quit if trillion-dollar pay deal is rejected | Elon Musk News"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"\">\n<p class=\"article__subhead\"><em>The warning comes as Glass Lewis and Institutional Shareholder Services urge shareholders to vote against the proposed pay package for CEO Elon Musk.<\/em><\/p>\n<\/div>\n<div>\n<div class=\"article-dates\">\n<p><span class=\"screen-reader-text\">Published On 27 Oct 2025<\/span><span aria-hidden=\"true\">27 Oct 2025<\/span><\/p>\n<\/div>\n<div class=\"rich-share\" data-testid=\"rich-share\">\n<div class=\"rich-share__wrapper\">\n<div class=\"rich-share__button-wrapper\"><button class=\"rich-share__button row\" aria-expanded=\"false\"><\/p>\n<p>Click here to share on social media<\/p>\n<p><svg class=\"icon icon--share2 icon--primary icon--16 \" viewbox=\"0 0 20 16\" version=\"1.1\" aria-hidden=\"true\"><title>share2<\/title><path fill=\"#000\" fill-rule=\"evenodd\" d=\"M11.688 9.048c-.659 0-1.252.282-1.673.733l-4.92-2.45c.016-.115.028-.232.028-.352 0-.117-.011-.23-.027-.343l4.913-2.423a2.285 2.285 0 0 0 1.68.739C12.964 4.952 14 3.899 14 2.6 14 1.302 12.965.25 11.688.25S9.377 1.302 9.377 2.601c0 .117.01.23.027.343L4.49 5.367a2.285 2.285 0 0 0-1.68-.739C1.536 4.628.5 5.681.5 6.979c0 1.299 1.035 2.35 2.312 2.35.659 0 1.252-.281 1.673-.731l4.92 2.45a2.357 2.357 0 0 0-.029.351c0 1.299 1.035 2.351 2.312 2.351S14 12.698 14 11.399s-1.035-2.35-2.312-2.35Z\" clip-rule=\"evenodd\"\/><\/svg><\/button><\/p>\n<p class=\"rich-share__social-text\">Share<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div aria-live=\"polite\" aria-atomic=\"true\">\n<p>Elon Musk could leave Tesla as CEO if his proposed $1 trillion pay package is not approved, Board Chair Robyn Denholm has warned.<\/p>\n<p>The appeal was sent in a letter to shareholders of the electric car company on Monday. It comes ahead of Tesla\u2019s November 6 annual meeting, when shareholders are expected to vote on the proposed pay package, the largest of its kind.<\/p>\n<section class=\"more-on\">\n<h2 class=\"more-on__heading\">Recommended Stories<!-- --> <\/h2>\n<p><span class=\"screen-reader-text\">list of 4 items<\/span><span class=\"screen-reader-text\">end of list<\/span><\/section>\n<p>Tesla\u2019s board has faced repeated criticism for not acting in shareholders\u2019 best interests, and governance experts and advocacy groups have questioned its independence and oversight of Musk\u2019s influence.<\/p>\n<p>The proposed performance-based plan was designed to retain and motivate Musk to continue leading Tesla for at least another seven and a half years, Denholm said in the letter.<\/p>\n<p>Musk\u2019s leadership is \u201ccritical\u201d to Tesla\u2019s success, she said, and warned that without a plan that properly incentivises him, the company could lose his \u201ctime, talent and vision\u201d. Musk\u2019s role is vital as Tesla seeks to become a global leader in artificial intelligence and autonomous technology, she said.<\/p>\n<p>The proposed package would grant Musk 12 tranches of stock options tied to ambitious targets, including a market capitalisation of $8.5 trillion and milestones in autonomous driving and robotics.<\/p>\n<p>Denholm\u2019s letter portrays the package as necessary to align Musk\u2019s incentives with shareholder value and long-term growth, also urging investors to re-elect three long-serving directors who have worked closely with him.<\/p>\n<p>Tesla\u2019s board has been under scrutiny for years over its close relationship with Musk. A Delaware court earlier this year struck down his 2018 pay deal, finding it was improperly awarded and negotiated by directors who were not fully independent.<\/p>\n<p>Last week, Proxy firm Glass Lewis and Institutional Shareholder Services urged shareholders to vote against the pay package. Proxy advisers often sway major institutional investors, including the passive funds that hold large stakes in Tesla.<\/p>\n<p>Despite the letter, Tesla stock is on the rise. At 11am in New York (15:00 GMT), it is up 3.1 percent.<\/p>\n<\/div>\n<p><br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The warning comes as Glass Lewis and Institutional Shareholder Services urge shareholders to vote against the proposed pay package for CEO Elon Musk. Published On 27 Oct 202527 Oct 2025 Click here to share on social media share2 Share Elon Musk could leave Tesla as CEO if his proposed $1 trillion pay package is not [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":252,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-251","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us-canada-news"],"_links":{"self":[{"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/posts\/251","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=251"}],"version-history":[{"count":0,"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/posts\/251\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/media\/252"}],"wp:attachment":[{"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}