Musk's Moonshot Award Aped by Taser Maker as Advisers Balk
- Axon Enterprise shareholders to vote on grant for CEO Smith
- Proxy advisers reject plans, watchdogs warn of risk-taking
Elon Musk Says He Was "Foolish" To Ignore Anaylsts' Question
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At first glance, it may seem like a shockingly good deal for shareholders: A chief executive officer who agrees to work for free until the firm’s value has grown several times over.
It’s been the case at Tesla Inc. for years. In March, the electric-car maker’s investors decided to stick with that model for another decade by approving an award for Elon Musk that could be worth tens of billions of dollars if the company multiplies in size. On Thursday, Taser-maker Axon Enterprise Inc. shareholders vote on a copycat grant for CEO Rick Smith.