Why Musk's pay package re-vote is 'appropriate'

Yahoo Finance Video
288,239 次觀看・5 個月前

Tesla (TSLA) shareholders are gearing up for a pivotal decision on the controversial pay package of CEO Elon Musk. Joining Catalysts to share his outlook on this high-stakes vote is Zohar Goshen, professor of transactional law at Columbia University.

Goshen explains Musk's decision to have shareholders re-vote on his package was "an appropriate action to take." This decision stems from the initial 2018 vote being struck down due to concerns over conflicts of interest within the committee and perceived pressure from Musk himself, rendering the original vote "invalid" by the courts.

As the debate surrounding how the pay package vote could potentially impact Tesla's stock prices, Goshen tells Yahoo Finance, "What shareholders need to estimate is the question how a 'yes' or 'no' decision is going to affect the motivation and the willingness of Elon Musk to provide his new ideas and new projects to Tesla as opposed to other corporations."

For more expert insight and the latest market action, click here to watch this full episode of Catalysts.

This post was written by Angel Smith