June 14 (Reuters) – Tesla’s (TSLA.O), opens new tab largest outside investor Vanguard said it voted in favor of CEO Elon Musk’s $56 billion pay package, citing the company’s performance, contributing to the passage of the record-setting arrangement on Thursday.
In a note seen by Reuters, Vanguard said it had voted against Musk’s compensation package when it was first approved by shareholders in 2018 because of its potential size, which might not have been justified by performance.
Source: REUTER
