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Tesla Board Rallies Retail Investors to Vote for Musk's $56 Billion Pay Package
Directors have hired an adviser and launched a website to secure the CEO’s compensation.
Vehicles at a Tesla store in Colma, California.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Tesla Inc. is looking to woo its unusually large base of retail investors to get approval for Chief Executive Officer Elon Musk’s $56 billion pay package.
To help lead that drive, the company's board has hired a strategic adviser, according to a person familiar with the matter. To bolster the campaign, the adviser is working with an outside law firm, the person said.