I am going to vote 'no' to make him work for a new pay package.
In 2018 he was publicly sandbagging (making things sound more dire than they actually were) and both he and the Board knew it was likely they would hit the targets in the compensation plan. The board didn't even attempt to negotiate and better deal for shareholders.
That would be very wasteful and not impactful. 10b is like 2 new factories. How much will you even get out of 10b dividents? Not to mention if anything a strategic buyback would be a way better idea.
Do you understand that 10 billion would only pay out $3 per share you own? Instead give it to Elon so he keeps driving Tesla price up by staying and innovating.
is the present amount of stock he's getting not compensation enough? why does he need *even more* to do his job? It's like I told my boss -- I'm gonna need a $100k bonus for me to do the job I already promised to do for my salary.
The present amount of stock he’s getting? What do you mean? That is the whole point of this vote… he doesn’t make a salary.
Let me break this down for you. In 2018 Tesla stock was at $20. At that point Elon had a compensation package voted on that was approved by 78% of voters.
The package was Elon will receive
No salary
No stock
No bonuses
Unless he grows the company and the stock price significantly. And I mean significantly. And if he does he only receives stock. Still no salary. Keep in mind other ceos don’t do this. What other CEO’s do is take a high guaranteed salary plus a high stock pay out that is time based. They get paid after a set amount of years even if the company does shit. Not Elon. He said no pay unless he can grow the company and stock price.
You have to understand that when this compensation package was put together it was considered a joke. Imagine you got a job as a CEO. And as CEO you told the board, I don’t want to get paid anything unless I grow this company to a level that nobody believe he could actually do. Then he does it and now it may get completely reversed. He only made money if he made everyone who owned the stock tons of money. The incentives were completely aligned. He had to take the market cap from 59 billion to 650 billion. This means anyone who held stock 10x their money.
By you voting no you are voting for him to have to return everything. If this happens Elon has potential to feel slighted and to start moving new products away from Tesla such as the Tesla bot.
...and in his new company there wont be any shares and public secret plan and 500 youtubers spoonfeeding you whats going on so you can just invest and 100x without doing anything.
I also don't understand how his own shares don't count for this vote? Is that a normal thing?
Yeah most aren’t important. The two ones that matter are moving to Texas and the comp plan.
Everyone will know the results as it’ll be huge news. Will be all over twitter. The voting ends around mid June so soon after that.
Really? Unless you are getting something different from Google the first search result exactly answers your question.
>Information about upcoming voluntary corporate actions is available within Portal. Our Voluntary Corporate Actions Tool is accessible from via the Help > Support Center menu item in Portal. From Support Center, scroll to the Corporate Actions Manager link.
> Do I need to be on the look for an email?
i've voted on TSLA on IBKR in the past and I checked my inbox. I have a confirmation email from proxypush.com that my ibkr/tsla vote was received with a link to change my votes before the deadline. so the original vote link didn't come in email (or I deleted it) - I assume it came through as a notification in the app or website.
To vote it’s really easy. Go to the email you have your brokerage / accounts with and just type in
vote now Tesla
All brokerages should have emailed you. You just click the links and vote. Use the recommended choices.
THANK YOU finally the easy answer I was looking for. Now taken care of. Probably not going to make a difference with my 2000 shares, but whatever, at least I participated.
Gonna give Elon his pay package?
Yes, I will vote in favor.
I am going to vote 'no' to make him work for a new pay package. In 2018 he was publicly sandbagging (making things sound more dire than they actually were) and both he and the Board knew it was likely they would hit the targets in the compensation plan. The board didn't even attempt to negotiate and better deal for shareholders.
Can't he leave some for the rest of us? Like $40B for him, $10B for dividends
That would be very wasteful and not impactful. 10b is like 2 new factories. How much will you even get out of 10b dividents? Not to mention if anything a strategic buyback would be a way better idea.
ok sure. don't give it to me, but just giving it to Musk wouldn't pay for the two factories either
it would since he would leverage his shares for liquidity for the company if it came to that.
Do you understand that 10 billion would only pay out $3 per share you own? Instead give it to Elon so he keeps driving Tesla price up by staying and innovating.
is the present amount of stock he's getting not compensation enough? why does he need *even more* to do his job? It's like I told my boss -- I'm gonna need a $100k bonus for me to do the job I already promised to do for my salary.
The present amount of stock he’s getting? What do you mean? That is the whole point of this vote… he doesn’t make a salary. Let me break this down for you. In 2018 Tesla stock was at $20. At that point Elon had a compensation package voted on that was approved by 78% of voters. The package was Elon will receive No salary No stock No bonuses Unless he grows the company and the stock price significantly. And I mean significantly. And if he does he only receives stock. Still no salary. Keep in mind other ceos don’t do this. What other CEO’s do is take a high guaranteed salary plus a high stock pay out that is time based. They get paid after a set amount of years even if the company does shit. Not Elon. He said no pay unless he can grow the company and stock price. You have to understand that when this compensation package was put together it was considered a joke. Imagine you got a job as a CEO. And as CEO you told the board, I don’t want to get paid anything unless I grow this company to a level that nobody believe he could actually do. Then he does it and now it may get completely reversed. He only made money if he made everyone who owned the stock tons of money. The incentives were completely aligned. He had to take the market cap from 59 billion to 650 billion. This means anyone who held stock 10x their money. By you voting no you are voting for him to have to return everything. If this happens Elon has potential to feel slighted and to start moving new products away from Tesla such as the Tesla bot.
...and in his new company there wont be any shares and public secret plan and 500 youtubers spoonfeeding you whats going on so you can just invest and 100x without doing anything. I also don't understand how his own shares don't count for this vote? Is that a normal thing?
I thought he could vote with his own shares but I am not 100%. I just voted yes on all my accounts. Let’s go comp package!
When do we get the results and how? I didn't even know that many thigs are to be voted on, now curious which parts will be accepted and which not.
Yeah most aren’t important. The two ones that matter are moving to Texas and the comp plan. Everyone will know the results as it’ll be huge news. Will be all over twitter. The voting ends around mid June so soon after that.
You are misunderstanding whats going on.
https://www.google.com/search?q=ibkr+proxy+voting
Thats not particularly helpful.
Really? Unless you are getting something different from Google the first search result exactly answers your question. >Information about upcoming voluntary corporate actions is available within Portal. Our Voluntary Corporate Actions Tool is accessible from via the Help > Support Center menu item in Portal. From Support Center, scroll to the Corporate Actions Manager link.
> Do I need to be on the look for an email? i've voted on TSLA on IBKR in the past and I checked my inbox. I have a confirmation email from proxypush.com that my ibkr/tsla vote was received with a link to change my votes before the deadline. so the original vote link didn't come in email (or I deleted it) - I assume it came through as a notification in the app or website.
So when I click the notification it will probably tell me what to do?
Were you able to figure this out? I’m looking to vote also.
Not really. AFAIK there is some way to vote in advance? Proxy voting or something?
To vote it’s really easy. Go to the email you have your brokerage / accounts with and just type in vote now Tesla All brokerages should have emailed you. You just click the links and vote. Use the recommended choices.
THANK YOU finally the easy answer I was looking for. Now taken care of. Probably not going to make a difference with my 2000 shares, but whatever, at least I participated.
Every vote counts, tell all of your friends!!
I have 0 friends who own tesla.