Adam Shapiro Discusses the Latest Challenge to Elon Musk on the Price of Business Show
INTERVIEW ON THE PRICE OF BUSINESS SHOW, MEDIA PARTNER OF THIS SITE.
The Guardian reports:
“Tesla investors are being urged to vote to remove Elon Musk, the electric vehicle company’s chief executive, from the board of the firm as anger mounts over his bonus deal that could pay him a record $55.8bn (£40bn).
Pirc, an influential adviser to shareholders, including the UK’s local authority pension funds, on Tuesday recommended that investors voted against Tesla’s executive pay deal because it ‘unfairly enriches the chief executive’.
“Pirc said the deal had exposed the company to a lawsuit, alleging that: ‘The board, including CEO Elon Musk, awarded themselves excessive compensation packages over a three-year period that allegedly allowed directors to ‘enrich themselves at the company’s expense’.
“In addition they discussed the numerous signs of recovery as well as the increase in passengers returning to flying.”
Adam Shapiro is the anchor of the Yahoo Finance daily show, “On the Move.” He is an Emmy Award winning journalist and former Fox Business correspondent. He is a regular guest on the Price of Business show. Learn more at www.YahooFinance.com.
The Price of Business is one of the longest running shows of its kind in the country and is in markets coast to coast. The Host, Kevin Price, is a multi-award winning author, broadcast journalist, and syndicated columnist. He is Editor at Large for this site. Learn more about the show and its digital partners at www.PriceofBusiness.com.
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