Tesla investor Ron Baron backs Musk's $56 bln pay plan
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Tesla investor Ron Baron has voiced support for Elon Musk's $56 billion pay package, which will be voted on by shareholders next week. The package, which was approved in 2018 but later voided, has drawn criticism from some shareholders as excessive. Musk's compensation is primarily in stock awards tied to Tesla's performance. Proxy advisory firms have urged shareholders to vote against the package. The annual meeting to vote on Musk's pay is scheduled for June 13.
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