Florida Pension Board Backs $56B Pay Package For Tesla CEO Elon Musk; Florida State Board Of Administration Says "Plan's Design Is Very Well Structured"; Votes Against Tesla Director Nominee Kimbal Musk, Against Move To Texas
Portfolio Pulse from Benzinga Newsdesk
The Florida State Board of Administration has endorsed a $56 billion pay package for Tesla CEO Elon Musk, citing the plan's well-structured design. However, the board voted against the nomination of Tesla director Kimbal Musk and the company's move to Texas.
June 12, 2024 | 12:58 pm
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The Florida State Board of Administration has approved a $56 billion pay package for Tesla CEO Elon Musk, which could be seen as a vote of confidence in his leadership. However, the board voted against the nomination of Kimbal Musk as a director and Tesla's move to Texas.
The approval of the $56 billion pay package for Elon Musk is likely to be seen positively by investors, as it indicates confidence in his leadership and future performance of Tesla. However, the votes against Kimbal Musk's nomination and the move to Texas could introduce some uncertainty.
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