After The Financial Times reported that Tesla, Inc. (TSLA)’s board was forming a special committee to address Elon Musk’s compensation package, Schwab anchor Diane King Hall said the move suggests that the board “is still prioritizng keeping Elon Musk.”
On the same segment, another Schwab Network anchor, Nicole Petallides, asserted that Musk’s compensation is”a thorn in the side” of the automaker.
More Information About the News
Musk’s huge pay package, which dates back to 2018, is still being evaluated by Delaware courts. Meanwhile, Tesla, Inc. (TSLA)’s board is reportedly considering implementing changes to Musk’s compensation, including “stock based or alternative compensation,” if the 2018 package”is not reinstated,” Schwab stated. The network obtained the information from a report by The Financial Times.
The Assertions by Schwab’s Anchors
The move by Tesla’s board suggests that the panel wants to keep Musk as TSLA’s CEO, King Hall said. And according to Petallides, Musk’s compensation “is a thorn in the side” of Tesla, Inc. (TSLA) that will impact its “future plans.”
The Recent Price Action of TSLA Stock
In the last month, the shares have jumped 42%, but they are down 4% in the last three months.
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This article is originally published at Insider Monkey
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