Tesla’s largest individual shareholder opposes Elon Musk’s $56 billion compensation package.

KoGuan Leo has been one of Tesla’s largest shareholders for years and is the company’s largest retail investor, holding more than 27 million shares. Recently, he has expressed his dissatisfaction with Musk’s leadership and his opposition to the compensation package that may be adopted.

In 2018, shareholders voted to approve a huge compensation package that would have rewarded Musk with billions of dollars for meeting specific growth and stock goals. Musk met those goals and was therefore due a $56 billion reward.

However, a minority shareholder sued Tesla and Musk, and ultimately a Delaware judge ruled in favor of the plaintiffs, striking down the compensation plan. Tesla is doing everything it can to get shareholders to approve the compensation plan again, but it’s being opposed by Leo.

Author: Hans

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