Tesla shareholders approve US$1 trillion pay package for Elon Musk

Tesla shareholders approved a US$1 trillion compensation package for Chief Executive Officer Elon Musk, the largest payout ever awarded to a corporate leader. The unprecedented move was announced on Thursday at the electric vehicle maker’s annual meeting, culminating a weeks-long campaign by the board, the CEO and prominent retail investors to build support. The pay agreement clears a path for Musk, the world’s richest person, to become the first ever trillionaire and expand his stake in Tesla...