Longtime Tesla Holder Baillie Gifford Backs $56B Musk Pay Package Despite Controversy; Some Shareholders And Proxy Advisers Oppose The Plan
Portfolio Pulse from Benzinga Newsdesk
Baillie Gifford, a longtime Tesla shareholder, supports Elon Musk's $56 billion pay package despite controversy. Some shareholders and proxy advisers oppose the plan.
June 10, 2024 | 5:11 pm
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Baillie Gifford, a significant Tesla shareholder, supports Elon Musk's $56 billion pay package despite opposition from some shareholders and proxy advisers.
The support from a major shareholder like Baillie Gifford could stabilize investor sentiment, but the opposition from other shareholders and proxy advisers introduces uncertainty. The net short-term impact on TSLA's stock price is likely neutral.
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