TapTechNews May 21st news, a group of Tesla shareholders urged others to vote against the re-election of Kimbal Musk (Kimbal Musk, the younger brother of Elon Musk) and James Murdoch (James Murdoch, a friend of Elon Musk and once vacationed with his family) on the Tesla board of directors, and to reject a plan to give Tesla's chief executive Elon Musk a generous compensation package.
The US Securities and Exchange Commission made public a letter from a Tesla shareholder expressing concerns that Kimbal and Murdoch could not effectively supervise the chief executive (due to their personal relationship). According to the shareholders, they believe there is sufficient evidence that the entire Tesla board is overly dependent on Chief Executive Elon Musk.
The shareholder letter also cited media reports of Musk's drug use. According to The Wall Street Journal's report in February, witnesses said that board members including Kimbal were using drugs with Musk.
The shareholders said: If board members are afraid of the person they have an obligation to supervise and cannot resist the pressure to use illegal substances, then it is difficult to imagine that they will object to Musk when the board's opinion and supervision of the company are needed.
The shareholder group - including New York City Comptroller Brad Lander, the SOC Investment Group, Union Bank, and several other investors also opposed giving Musk $46 billion (TapTechNews note: currently about 333.04 billion yuan) in compensation. Musk's compensation package was originally as high as $56 billion (currently about 405.44 billion yuan), but with the decline of Tesla's stock price, this compensation has shrunk to $46 billion.
On June 13 this year, Tesla will hold a general meeting of shareholders. At that time, Tesla shareholders will vote on Musk's compensation package and other proposals.