Sina Technology News Beijing time on the evening of January 6th, according to reports, Tesla’s board of directors is facing increasing pressure, because investors ask them to prove: Tesla has lost the CEO Elon Musk ( Key figures like Elon Musk are ready.
Musk is known to be an erratic CEO and the main force behind Tesla’s stock price boom and crash. Now, Tesla shareholder Karen Róbertsdóttir has filed a proposal for investors to vote on whether Tesla’s board should prepare and maintain a “key board” at its annual shareholder meeting in May. People at Risk” report
In the proposal, Robertsdottir called on Tesla to document the succession procedures and processes for key personnel, thereby mitigating the potential financial impact on the company if these personnel leave.
Roberts Dottir wrote in the proposal: “Tesla is widely considered to be a ‘key man risk’ because of its CEO’s high position and reputation. Even so, Tesla lacks a clear public succession plan or strategy. to mitigate the adverse effects of losing such a person. So far, that risk has also not been ameliorated.”
If passed, Roberts-Dottir’s proposal would also give investors a tangible way to force key executives like Musk to be more transparent. Previously, investors were worried because of Musk’s $44 billion acquisition of Twitter and an unprecedented $55 billion in compensation.
The Twitter acquisition put a strain on Musk’s personal finances, leading him to sell nearly $40 billion worth of Tesla stock, to the displeasure of several high-profile Tesla investors. Some investors accused Tesla’s board of directors of negligence, and some investors said that Musk bought Twitter at an exorbitant price.
Shares of Tesla closed at $110.34 on Thursday local time, down 2.9%. Tesla shares have fallen more than 70% since Musk disclosed his purchase of Twitter shares in early April last year.
Investors may also hear from a Delaware judge around the time of Tesla’s annual shareholder meeting in May about the board’s decision to hand out compensation worth up to $55 billion to Musk, conflicts of interest and disclosures. improper. Investors have sued this before.
In November last year, Tesla directors, including Denholm and James Murdoch (James Murdoch), were asked this question in the trial: For a part-time CEO (except Tesla, Musk is also the CEO of four other companies), whether the $55 billion salary is too high.
And James Murdoch, the son of media mogul Rupert Murdoch, said that in recent months, Musk has identified a potential CEO successor, but he did not disclose who the successor would be. .
It was unclear whether a resolution on compensation would be on the agenda of Tesla’s annual shareholder meeting on May 16.
media reports
Sina Technology Titanium Media IT House
Event Tracking
- 2023-01-06Tesla shareholders ask the board of directors to prepare for succession: in case of losing Musk
- 2022-12-15 The stock price will fall to 23 US dollars, Tesla has been bearish by many institutions, and its market value has evaporated by 5 trillion within the year
- 2022-11-17Tesla director revealed that Musk has identified the CEO’s potential successor
- 2021-07-12 Musk: Tesla does not want to be just a car company, and has not set a price for the acquisition of SolarCity
- 2019-06-11Tesla shareholders meeting: Musk denies rumors of sluggish demand, emphasizing the vision of autonomous driving
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