Tesla CEO Elon Musk has threatened to walk away from the business if shareholders do not back a $1 trillion pay package. Photograph: Patrick Fallon / AFP via Getty Images
Tesla chairwoman Robyn Denholm has stepped up her campaign to win shareholder support for Elon Musk’s $1 trillion (€859 billion) pay package, warning there is no “Elon mark 2” if the carmaker’s board is forced to try to replace the chief executive.
Ms Denholm and other Tesla board members are meeting this week with the company’s largest institutional investors, which include Vanguard, BlackRock and State Street, to lobby for the plan in advance of a vote on November 6th.
Mr Musk has threatened to walk out if shareholders vote down a new package of stock options that could be worth up to $1 trillion
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