Cathie Wood Says 'Always Surprised' At Pushback Elon Musk Gets, Slams Delaware Judge For Ignoring Shareholder Vote On Tesla CEO's $56B Pay Package
Portfolio Pulse from Shanthi Rexaline
Cathie Wood, CEO of Ark Invest Management, criticized a Delaware judge's decision to nullify Elon Musk's 2018 compensation plan, calling it 'un-American' and 'anti-investor.' She defended Tesla's move to Texas and Musk's demand for 25% voting control, emphasizing the need for visionary leaders in disruptive innovation. Musk shared Wood's interview on X, endorsing her views. Tesla's stock ended down 0.25% at $199.95.
February 20, 2024 | 5:06 am
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Cathie Wood criticizes the nullification of Elon Musk's compensation plan and defends Tesla's strategic decisions, with Musk endorsing her views. Tesla's stock saw a slight decrease.
The news involves high-profile figures and a controversial legal decision, which could attract significant media attention and investor scrutiny. However, the slight stock price movement suggests a limited immediate financial impact, indicating a neutral short-term outlook.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100