Robyn Denholm is back on the road doing what Tesla hired her to do: convince people that Elon Musk deserves to be paid a more and more 0 to reporting from The Wall Street Journal, Robyn has already launched her pitch ahead of the November 6 shareholder vote, where Tesla is asking investors to approve a new $1 trillion compensation package for 1 goal? Get him to stay locked in for another ten 2 problem? Sales are down, investors are tired, and Tesla’s growth story looks shakier than ever. Robyn, who’s chaired Tesla’s board since 2018, has started doing interviews and meeting with big institutional 3 is her second time doing this in under two years.
She’s trying to push through a huge payday for Elon, again, with the not-so-subtle message that he could walk if he doesn’t get 4 leans on investor fears as Tesla’s delivery numbers fall Robyn is selling this new package at a rough time. Tesla’s vehicle deliveries are down for the 5 first all-new model in years, the Cybertruck, launched in 2023 and 6 company’s long-promised robotaxi tech finally showed up in June, but only as a small rollout in Austin, Texas, after almost ten years of 7 investors are still waiting for results. There’s also the mess from the 2018 pay 8 $50 billion deal got thrown out by a Delaware judge, and now it’s tied up in 9 admitted that shareholders are tired of hearing about it.
Still, she claims this new plan is exactly what investors have been asking for. “I was getting a lot of questions from shareholders about what does the future look like, for Elon and the company,” Robyn 10 2016, she led the push to get Tesla investors to approve the SolarCity acquisition, Elon’s other company, which many saw as a bailout. She’s clearly used to fighting these 11 she’s still defending the 2018 pay 12 after the judge slammed her for “lackadaisical” oversight, Robyn dismissed that criticism. “Crap,” she told a 13 95-year-old mother didn’t appreciate the 14 Robyn insists she’s doing her job.
“I know that I work for the shareholders,” she 15 says her role is about managing both Elon and the board while keeping shareholder interests in the 16 so far, the board seems fine with how she’s doing it. Tesla’s market value hit $1 trillion while Robyn’s been 17 credits Elon’s previous pay package for pushing him to 18 at most companies, the CEO doesn’t get this kind of 19 runs multiple businesses. He’s on social media constantly. He’s in 20 he still has more control than most public company 21 committee writes new plan as Elon threatens to walk Last June, when shareholders reapproved the old pay plan, Elon jumped up and down on stage like it was his birthday.
A few weeks later, he moved his focus to President Trump’s reelection campaign and moved to 22 started begging him to focus on Tesla 23 in December, the same Delaware judge threw out the plan… 24 January, Tesla’s board had formed a special committee to come up with a 25 was in that 26 goal was to wrap up the mess around the 2018 deal and come up with something 27 Elon didn’t show up 28 says he warned the board that he “may pursue other interests and leave Tesla” if he didn’t get what he wanted: full payment of the old package, at least 25% voting control, and no restrictions on his other 29 board had some requests, 30 wanted him to wind down his political side 31 eventually happened, after Elon’s relationship with Trump’s White House soured publicly.
“I’m not sure that he would say today that his stint in Washington was fabulous,” Robyn said. “I don’t think it was fabulous for the company, either.” Still, she says the board wants as much of his “time, energy and focus” as they can 32 the new plan doesn’t include any rules about how many hours he needs to 33 says time doesn’t matter. “It’s not time that I measure,” she said, “it’s output.” Join Bybit now and claim a $50 bonus in minutes
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