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Tesla Shareholder Ron Baron Backs Elon Musk's $56 Billion Compensation Plan

Baron argues Musk's relentless drive is essential for Tesla's success as shareholders prepare to vote on the contested pay package.

  • Ron Baron, a major Tesla investor, supports Musk's controversial compensation package in an open letter.
  • The $56 billion pay deal, initially approved in 2018, was invalidated by a Delaware judge citing a flawed approval process.
  • Tesla's board has resubmitted the package for a shareholder vote on June 13.
  • Opponents argue the package is excessive and lacks proper governance, with some calling for a full-time CEO.
  • Baron contends that without Musk, Tesla's achievements would not have been possible.
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