Submission + - Tesla shareholder group opposes Musk's $46B pay, slams board "dysfunction" (arstechnica.com)
theweatherelectric writes: Jon Brodkin for Ars Technica writes, "A Tesla shareholder group yesterday urged other shareholders to vote against Elon Musk's $46 billion pay package, saying the Tesla board is dysfunctional and 'overly beholden to CEO Musk.' The group's letter also urged shareholders to vote against the reelection of board members Kimbal Musk and James Murdoch. 'Tesla is suffering from a material governance failure which requires our urgent attention and action,' and its board 'is stacked with directors that have close personal ties to CEO Elon Musk,' the letter said. 'There are multiple indications that these ties, coupled with excessive director compensation, prevent the level of critical and independent thinking required for effective governance.'"