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Are CEOs like Musk holding too much sway over shareholders?Photo: Sebastian Willnow/dpa/Alamy
Corporate governance experts and City investors have warned Elon Musk’s record-breaking $1tn pay deal could set a “dangerous precedent” that would pave the way for other companies to give their senior executives outsized packages.
More than 75% of the votes cast at Tesla’s shareholder meeting in Texas on 6 November were in favour of giving the Tesla chief executive the payout, which would also eventually see his shareholding in Tesla increase to around 25%.
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