Singapore-based billionaire and Tesla’s largest retail shareholder, Leo Koguan, has voted against the package, citing concerns that Musk’s priorities are skewed towards personal ventures. Koguan also voted against Tesla’s reincorporation in Texas, where Musk’s compensation package would be legal. Separately, Tesla is laying off over 600 employees in California, “including senior-level positions.”.. as part of a larger plan to cut 10% of its global workforce.
The company’s stock price has decreased by over 28% so far in 2024.
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Forbes Daily: Billionaire Leo Koguan votes against Musk’s pay package
Plus: As Forbes releases its list of the 50 highest-paid athletes in the world, it’s notable that there are no women on the list. Despite an income gap, stars like Caitlin Clark are making progress.
As firms bring workers back into the office, it’s not just junior-level employees who are pushing back.
A survey of 3,500 employees from HR consulting and research firm Gartner found that 33% of executives who’d been given a return-to-office mandate said they would leave their current employer because of it, compared to just 19% of non-executive respondents who faced a similar requirement.
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